Archive for May 31st, 2010

TheEconomicCollapseBlog.com So just how bad is the U.S. economy? Well, the truth is that sometimes it is hard to put into words. We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world’s greatest manufacturing base, we have shipped millions of good jobs overseas and we... »

By MATTHEW BROWN NewsYahoo.com 5/31/10 NEW ORLEANS – Independent scientists and government officials say there’s a disaster we can’t see in the Gulf of Mexico’s mysterious depths, the ruin of a world inhabited by enormous sperm whales and tiny, invisible plankton. Researchers have said they have found at least two massive underwater plumes of... »

Spanish Voters Will Force The Government To Dissolve Before Major Austerity Measures Can Be Passed Vincent Fernando, CFA BusinessInsider.com Spain’s ruling Socialist party, led by prime minister Jose Luis Rodriguez Zapatero, has seen its popular support collapse. The current financial crisis and a backlash against proposed austerity measures are taking their toll: Reuters: A... »

Andy Borowitz HuffingtonPost.com NEW YORK (The Borowitz Report) – In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made “a substantial financial bet against the Gulf of Mexico” one day before the sinking of an oil rig in that body of water. The new... »

RawStory.com The US House of Representatives on Friday voted to more than quadruple a per-barrel oil tax that fills a special trust fund to pay for damages from major spills like the Gulf of Mexico disaster. The measure called for raising the eight-cent-per-barrel tax to 34 cents, raising nearly 12 billion dollars over 10... »

Obama administration warns that the most environmentally disastrous spill in US history may continue until August Andrew Clark Guardian.co.uk Sunday 30 May 2010 An uncontrollable fountain of oil could gush into the Gulf of Mexico until August, the Obama administration warned today, as BP conceded it was moving to a containment strategy after failing... »

By Tom Lindmark WallStreetPit.com May 31, 2010 CNBC.com has probably as good a summary as anyone about the current state of affairs with the gulf oil well disaster. Unfortunately, the article only serves to underscore the fact that nobody either within BP (BP) or the government has any good handle on the situation. Consider... »

We ain’t seen nothin’ yet, Marc Faber tells the Mises Circle. LewRockwell.com —————————————————————————————————————————————————– Share on Facebook »

by Butler Shaffer LewRockwell.com have grown weary of the war-lovers taking over every holiday and exploiting them for their own deadly ambitions. Turning July 4th into a celebration of militaristic statism (see the old Bing Crosby musical Holiday Inn) was bad enough. But then seeing a Santa Claus in a flag-draped Uncle Sam suit... »

by Linda Schrock Taylor LewRockwell.com Sixteen years ago I thought it would be a good idea to bring my son – the only grandchild – home from Colorado Springs to be raised near his grandparents and relatives. That part of my decision was good. The sad part about returning to my hometown after being... »