Archive for July 2nd, 2010

FloridaOilSpillLaw.com July 2nd, 2010 Scientists Probe the Ocean Depths to Gauge Gulf Oil Spill Damage, PBS Newshour, June 30, 2010: DR. ERNST PEEBLES, College of Marine Science, University of South Florida: hat we found was layers of microscopic droplets of oil. TOM BEARDEN: Things you can’t see with the naked eye? DR. ERNST PEEBLES:... »

FloridaOilSpillLaw.com July 2nd, 2010 Fund chief says not all spill claims can be met, The Age (Australia), July 2, 2010: The man appointed by US President Barack Obama to manage BP’s oil spill disaster fund has warned that ”there’s not enough money in the world” to pay all claims, and suggested home owners with... »

Ryan Ellis ATR.org Thursday, July 1, 2010 In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011: First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress... »

By The Mogambo Guru AsiaTimes.com Jul 3, 2010 I know, alas, that there is nothing that can be done to prevent unimaginable suffering and the collapse of the economy, now that the US Federal Reserve has created so much excess money and credit, and, to make matters infinitely worse, are still doing it, more... »

by Tyler Durden ZeroHedge.com 07/02/2010 As always SocGen’s Dylan Grice comes out with some tremendous insights in his latest weekly piece “Double dips, siren calls and inflationary bias of policy.” While the gist of the piece is presenting a comprehensive overview of the traditional and cognitive biases toward inflationary policies and away from hard,... »

by Mike Larson MoneyandMarkets.com 07-02-10 The bright red warning signs of a double-dip recession are flashing everywhere. And I do mean EVERYWHERE. In just the past few days, we learned that … • New home sales imploded 33 percent to a seasonally adjusted annual rate of 300,000 units. That’s the lowest ever recorded! •... »

by Aaron Task TechTicker.com Day one of the Financial Crisis Inquiry Commission’s two-day hearing on AIG derivatives contracts featured testimony from Joseph Cassano, the former head of AIG’s financial products unit. Goldman Sachs president Gary Cohn was also on the Hill. Meanwhile, the Democrats are still trying to salvage the regulatory reform bill, with... »

by Dylan Ratigan ZeroHedge.com 07/02/2010 Today we end Fix It week on my show, although we hope to keep this recurring theme. But the largest hindrance to solutions for all of the problems we’ve discussed – be it the Deficit, Energy, Education or the Wars — goes back to one place: the current Political... »

by John Derbyshire TakiMag.com “The car has already hit the tree and the bumper is already in the process of buckling inward, so there is no time to turn the wheel or fasten seat belts. It is too late to do anything but scream.” Thus writes Vox Day in his recent book The Return... »

By Bill Bonner TheDailyReckoning.com July 2nd, 2010 Let’s see…what’s in the news today? Stocks went down again yesterday. The Dow got trimmed by 96 points. Gold, on the other hand, went up $3 to $1,245. The first half of the year came to a close with the S&P 500 down 6%, global stocks down... »