By Philip Bethge DerSpiegel.de The Gulf of Mexico spill is vastly larger than the Exxon Valdez accident in 1989, but where is all the oil? While efforts to protect coastlines have been making the headlines, the real ecological catastrophe in the Gulf of Mexico is unfolding deep beneath the water’s surface. Samantha Joye was... »
Archive for June 16th, 2010
Busted Governments, Pensions and Unions
By: Gary North Market Oracle Jun 16, 2010 We are seeing the end of an era. The trade union movement in the United States has declined for the last 30 years. It is now in its final stages. The only area of the economy in which unions still have any degree of clout is... »
Spain: the new crisis in Euroland
By Vanessa Mock in Brussels John Lichfield in Paris and Anita Brooks in Madrid IndependentUK Thursday, 17 June 2010 European leaders meet in Brussels today amid growing fears that Spain, Europe’s fifth-largest economy, is preparing to ask for a bailout which would dwarf the €110bn (£90bn) rescue plan for Greece. The Spanish government yesterday... »
BP Admits That – If It Tries to Cap the Leak – the Whole Well May Blow
WashingtonsBlog.comTuesday, June 15, 2010 As I previously noted, oil industry expert Rob Cavner said that BP must “keep the well flowing to minimize oil and gas going out into the formation on the side”: With Videos…HERE Share on Facebook »
Fears that BP oil spill may reach Irish coastline
Gulf Stream could ferry damaging oil slick to Ireland’s west coast By PATRICK COOPER IrishCentral.com Fears have been expressed that the BP oil spill will eventually make its way to the Irish coast because of being carried on the Gulf stream currents. International oil experts say that the horrific contamination will eventually spread from... »
New Bill Gives Obama ‘Kill Switch’ To Shut Down The Internet
Government would have “absolute power” to seize control of the world wide web under Lieberman legislation Paul Joseph Watson Prison Planet.com Wednesday, June 16, 2010 The federal government would have “absolute power” to shut down the Internet under the terms of a new US Senate bill being pushed by Joe Lieberman, legislation which would... »
Psycho Talk: MSNBC’s Schultz Calls for Obama to Act ‘Like a Dictator’ — Twice
Host of ‘The Ed Show’ says it is time for BP to make the citizens of the United States ‘whole, whole again and whole for a long time.’ By Jeff Poor Business & Media.org Everyone should be thankful that MSNBC has hired the outspoken angry critics and has managed to keep them out of... »
Euro Declines on a Sea of Bankruptcy and Paper Promises
The Mogambo Guru GoldSeek.com Wednesday, 16 June 2010 Do you ever get the feeling that you are in some kind of weird dream, where someone is holding a pillow over your face so that you can’t breathe, and you can dimly hear your children asking, “Is he dead yet, mom?” and I am thrashing... »
The Three-Legged Stool Of The Economy Is Already Missing Two Legs
Peter Stock, Stock Investment Management Inc BusinessInsider.com Last year when the Euro was soaring and the dollar collapsing there was some frustration articulated by Euro zone policy makers that it was economically counterproductive for the Euro to be too strong. Well I guess, as we watch the Euro’s recent slide, these Eurocrats should have... »
The End of the Recession as We Know It
Next comes the depression—and I feel fine. Want to know why? By Robert Morley TheTrumpet.com When you look at economic news, is it hard to tell what the reality is—what is real and what isn’t? Recovery, you say? What recovery? Two of my friends are out of work, Grandma is on food stamps, and... »