Archive for May 25th, 2010

Ian King,Patrick Hosking TimesOnlineUK May 26, 2010 Fears that the eurozone’s financial crisis could derail the global economic recovery, along with rising tensions in Korea, sent shares and commodity prices tumbling yesterday. The FTSE 100 index fell by 2.54 per cent, finishing below 5,000 for the first time since October last year, and wiped... »

Rense.com 5-25-10 Bob Chapman First 6 months of 2010, Americans will continue to live in the ‘unreality’the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications (source is from insider at FED meetings). In the last quarter... »

by Paul B. Farrell FinanceYahoo.com Tuesday, May 25, 2010 Commentary: ‘Game’s in the refrigerator.’ Power’s turning off. Dow sinking below 6,470 “This game’s in the refrigerator! The door’s closed, the lights are out, the eggs are cooling, the butter’s getting hard and the Jell-O is jiggling …” That was legendary Lakers’ radio announcer Chick... »

Maret Oracle May 25, 2010 Today, the number of Americans who are able to financially survive without any reliance on the U.S. government whatsoever is declining at a staggering rate. Whether it is through direct handouts, entitlement programs, student loans, government bailouts, government contracts or direct employment, the truth is that now a solid... »

Kim Jong-Il’s nuclear belligerency was a creation of Uncle Sam Paul Joseph Watson Prison Planet.com Tuesday, May 25, 2010 Kim Jong-Il has put North Korean troops on combat alert and threatened military action if the South trespasses in its waters as global stock markets freak out at the prospect of a war which, if... »

By NWV News writer Jim Kouri May 25, 2010 NewsWithViews.com On Saturday, President Barack Obama took center stage during graduation ceremonies for the U.S. Military Academy’s Class of 2010 and preached his message for the creation of a new “international order” to about 1,000 new officers. President Obama pledged to shape a new, international... »

Monitoring group says Kim Jong-il ordered officers to be ready for combat after S Korea blamed Pyongyang for torpedo attack Tania Branigan in Beijing Guardian.co.uk Tuesday 25 May 2010 The North Korean leader has warned his military to prepare for war in case the South attacks, a Seoul-based monitoring group reported today, as tensions... »

by Mike Whitney Global Research May 25, 2010 Angela Merkel has let a minor brush-fire on the periphery turn into a raging inferno that’s sweeping across the continent. Absent Berlin’s fumbling diplomatic effort and its ferocious attachment to Hooverian economics, the Greek matter would have been over by now. Instead, the fire continues to... »

by Peter Gorenstein TechTicker The Senate version of financial regulation is bad for business on Wall Street. “Some analysts estimate it could cut the profits of major financial institutions by roughly 20%,” reports the Wall Street Journal. It’s also bad for the economy, says Robert Prechter, president of Elliott Wave International. Prechter believes the... »

By: Neil deMause The Heartland Institute An until-now unnoticed provision of the new health care overhaul law could change the way U.S. businesses—including freelance workers—prepare for tax day, causing an avalanche of additional recordkeeping and reporting. According to Section 9006 of the 2,409-page Patient Protection and Affordable Care Act, beginning on January 1, 2012... »