Archive for June 17th, 2010

By Tami Luhby CNN.com NEW YORK (CNNMoney.com) — State budgets are so squeezed that some governors are threatening to shut down state operations if lawmakers can’t address massive spending shortfalls. States are facing the threat of shutdowns because of the dismal condition of their finances. Governors and lawmakers have been reluctant to make deep... »

Jesse’s Café Américain A bubble is a significant increase in valuation supported by a set of artificial, inexplicable, and otherwise unsustainable conditions. The ‘increase in valuation’ can be nominal as in a price that goes ‘higher’ without a corresponding increase in value, or a decline in the value underlying the asset while the price... »

By Ilan Moscovitz Fool.com “Any losses may realize … under these derivatives will not be material.” – AIG, Feb. 12, 2008 We all remember how in late 2008, staggering losses on risky derivatives nearly brought down our entire financial system. With 43 members of the House and the Senate hammering out a final... »

LewRockwell.comA podcast with Joseph Salerno. Economist Joe Salerno explains that it is important to move your money from megabanks to less-unsound, smaller ones, and to stop using fractional banks at all, to the extent you can. As Joe explains, every time you take cash out of a bank, you hinder the bank-Fed-state combine, and... »

by C.J. Maloney LewRockwell.com You gotta remember to put one in his brain. Your first shot puts him down, then you put one in his brain. Then he’s dead. Then we go home. ~ The gangster ‘Tic Tac’ from Miller’s Crossing It is not often that I disagree with what passes my eye when... »

The Recovery of Stolen Roads by Jim Davies LewRockwell.com Imagine freedom! (To borrow Stormy Mon’s title.) Government has vanished, and everyone celebrates – for everyone has learned what a catastrophe it has been for the human race, during the last ten thousand years. Everyone looks forward to controlling his or her own life, for... »

By Michael LeMieux June 17, 2010 NewsWithViews.com It seems I have been writing a lot about the internationalists and the New World Order since our new administration has taken office. Now with the release of the May, 2010 National Security Strategy I find I am going to be doing it again. The one thing... »

Erica Carle June 17, 2010 NewsWithViews.com Quotes assembled and arranged by Erica Carle HUMANITY SUBSTITUTES FOR GOD Everywhere the relative definitively takes the place of the absolute, and altruism tends to bear down egoism, whilst a systematic method takes the place of a spontaneous evolution. In a word, Humanity definitively substitutes herself for God,... »

Lieberman defends emergency Net authority plan by Declan McCullagh CNetNews.com Sen. Joseph Lieberman on Tuesday defended his proposal to grant the president far-reaching emergency powers to seize control of or shut down portions of the Internet. It’s vital that the president can “say to an electric company or to say to Verizon, in the... »

By David Sims TMCnet India’s business IT weekly journal, Express Computer, recently printed a quite lengthy piece by Subhankar Kundu, discussing the UIDAI project in India. According to Kundu, the Unique Identification project is “undoubtedly among the biggest e-governance projects that the Government of India has taken up. Its mandate is nothing less than... »