Archive for June 11th, 2010

By Joel Achenbach and Juliet Eilperin WashingtonPost.com Friday, June 11, 2010 Pick a number: 12,600 barrels . . . 20,000 . . . 21,500 . . . 25,000 . . . 30,000 . . . 40,000 . . . 50,000. Scientists put every one of those numbers in play Thursday as they struggled to... »

AL.com Friday, June 11, 2010 ABC reporter Matt Gutman says he received a less than polite reception from a BP-hired cleanup manager when he set up camp to report from an Alabama public beach on Thursday. In video recorded while Gutman was preparing to broadcast a “conversation” segment, the manager can be heard asking... »

Paul Flemming NewsHerald.com June 11, 2010 PENSACOLA – Oiled seaweed, sheen and large, orange blobs of oil have been spotted inside Pensacola Bay. Skimmers are at work. Cleanup boats have moved into position at Fort Pickens. The oil is heading toward the north shore of Fort Pickens. From an airplane, a News Journal reporter... »

TheEconomicCollapseBlog.com There are quite a few U.S. cities that are complete and utter economic disaster zones in 2010 (Detroit for example), but there is something about the demise of Las Vegas that is absolutely stunning. In recent decades, Las Vegas has become a symbol for the over-the-top affluence and decadence of America. But now... »

by J. R. Nyquist FinancialSense.com 6.11.2010 Have you ever been to the Website of the Communist Party USA? It’s worth studying, if only to compare the policy positions taken by the Communists with your own. Are you a fellow traveler? Are you a friend or ally of the left? Perhaps, up until now, you... »

By: Glenn Harlan Reynolds WashingtonExaminer.com It’s a story of an industry that may sound familiar. The buyers think what they’re buying will appreciate in value, making them rich in the future. The product grows more and more elaborate, and more and more expensive, but the expense is offset by cheap credit provided by sellers... »

by Mike Larson MoneyandMarkets.com When Greece’s markets first started cracking wide open, a lot of claptrap spewed forth from Wall Street. The general consensus: • The problems in Athens would stay bottled up in Athens. • They would remain “contained.” • They didn’t mean anything for larger economies, including the rest of Europe, the... »

By Husna Haq NewsYahoo.com Arizona’s hard-hitting immigration law is driving Hispanics out of the state weeks before the controversial law goes into effect. Although concrete figures are not available, anecdotal evidence suggests Hispanics, both legal residents and illegal immigrants, are starting to flee. Schools in Hispanic neighborhoods are reporting abnormal enrollment drops, and businesses... »

by Tyler Durden ZeroHedge.com 06/11/2010 A week ago Hungary had the unfortunate mishap of telling the truth when it compared itself to Greece, resulting in a massive selloff of the Forint and leading to fresh lows for the euro. Today, it is Japan which is using the very same strategy in an attempt to... »

Gus Lubin BusinessInsider.com A new poll shows that 7 out of 10 Greeks expect the economy to deteriorate over the next few months. More worryingly, an even larger percentage expect a new wave of riots aimed at preventing austerity: Ekathimerini: An even larger section of the public – 80 percent, according to the poll... »