Rothschild appointed to help sell Dubai World assets
Paul Reynolds, head of Rothschild’s advisory operations in the Middle East, was this week asked to work for the Dubai government’s chief restructuring officer alongside Aidan Birkett of Deloitte, who was appointed on Wednesday. The team is tasked with assessing the group’s assets, which is likely to result...
Potential For Fed To Hyperinflate
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized,...
The FDIC Is Way Beyond Broke
The Federal Deposit Insurance Corporation announced this week that the insurance fund that covers more than $4.5 trillion in deposits was not only depleted but has a negative balance of $8.2 billion according to the Wall Street Journal. The FDIC is now an insurance fund with no money of its own. The FDIC says it still...
Obama Wants Computer Privacy Ruling Overturned
The Obama administration is seeking to reverse a federal appeals court decision that dramatically narrows the government’s search-and-seizure powers in the digital age. Solicitor General Elena Kagan and Justice Department officials are asking the 9th U.S. Circuit Court of Appeals to reconsider its August ruling that federal...
Leaders say momentum building on climate change
PORT-OF-SPAIN, Trinidad — Leaders of the Commonwealth countries called Saturday for a legally binding international agreement on climate change and a global fund with billions of dollars to help poor countries meet its mandates. The 53-nation meeting was the largest gathering of international leaders before next month’s...
Obama’s Science Czar John Holdren involved in unwinding “Climategate” scandal
Lift up a rock and another snake comes slithering out from the ongoing University of East Anglia Climate Research Unit (CRU) scandal, now riding as “Climategate”. Obama Science Czar John Holdren is directly involved in CRU’s unfolding Climategate scandal. In fact, according to files released by a CEU hacker or whistleblower,...
Dubai Crisis May End in ‘Major’ Default, BofA Says
Nov. 27 (Bloomberg) — Dubai’s debt woes may worsen to become a “major sovereign default” that roils developing nations and cuts off capital flows to emerging markets, Bank of America Corp. said. “One cannot rule out — as a tail risk — a case where this would escalate into a major sovereign default problem,...
Denmark approves new police powers ahead of Copenhagen
The Danish parliament today passed legislation which will give police sweeping powers of “pre-emptive” arrest and extend custodial sentences for acts of civil disobedience. The “deeply worrying” law comes ahead of the UN climate talks which start on 7 December and are expected to attract thousands of...
The Fed Doesn’t Want Banks to Increase Lending
Tim Duy – Director of Undergraduate Studies of the Department of Economics at the University of Oregon and the Director of the Oregon Economic Forum – noticed an amazing sentence in the minutes of the most recent meeting of the Fed Open Market Committee: As has already been widely noted, the minutes of the most recent...
FDIC reports biggest drop for business loans on record
U.S. banks are earning money again, but they’re writing fewer business loans, threatening a fragile economic recovery. The Federal Deposit Insurance Corp. reported Tuesday that U.S. bank loans fell by $210.4 billion or 2.8% during the third quarter – the biggest drop since the FDIC started keeping records in 1984. Banks...
Prosecutor to Homeschoolers: No Compromise–You’re Going to Jail!
Juergen and Rosemary Dudek of Archfeldt, Germany, were sentenced to 90 days in prison in July 2008 because they homeschool their children. Their sentence was overturned by an appeals court because of a legal error, and a new trial was ordered. Their new trial began November 16. German news reports indicate the judge appears...
Dubai debt move ‘carefully planned’: top official
Dubai’s move to suspend payments on its Dubai World conglomerate’s debt was “carefully planned” and done in full knowledge of how the markets would react, the chairman of the Supreme Fiscal Committee said on Thursday. “Our intervention in Dubai World was carefully planned and reflects its specific...
Swine flu epidemic escaped from lab, Australian scientists say
THREE Australian experts are making waves in the medical community with a report suggesting swine flu may have developed because of a lab error in making vaccines. “It could have happened in a lab where somebody became affected and then travelled with it,” virologist Dr Adrian Gibbs said yesterday. Conjuring up a...
The Devastating News About the Obama Health Plan
the Devastating News About the Obama Health Plan. Read More →
Obama’s Birth or America’s Rebirth?
by Timothy Baldwin Let us assume for the moment that it became revealed that Barak Obama was not a natural born citizen of the United States, proving that he was ineligible to be President of the United States. Ok, now what? Would Obama be removed from office? Perhaps. Then what? Joseph Biden would be our next President. Ok,...
Bernanke Says Limiting Fed Independence Would ‘Impair’ Economy
Nov. 29 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said curbing the central bank’s authority to supervise the banking system and tampering with its independence would “seriously impair” economic stability in the U.S. “A number of the legislative proposals being circulated would significantly reduce...
Russian Interior Minister Tells Citizens to Fight Back Against Police Brutality
If you’re assaulted by a police officer – fight back. That’s the advice of the Russia’s Interior Minister, speaking to students at a police training academy. The Minister’s comments follow a series of incidents of police brutality. Read More →
CBC’s The Fifth Estate: The Unofficial Story
On September 11, 2001 the world watched in shock and disbelief as planes flew in to New Yorks World Trade Center and the Pentagon in Washington, and Americans realized they were under attack. But by whom? What really happened? In The Unofficial Story, the fifth estates Bob McKeown introduces us to people who believe the...
Madsen On RT: Israel likely to attack Iran?
Recent Israeli military training exercises have raised fears that Israel could initiate an attack on Iran – potentially even a nuclear attack. Israel may be motivated by fears that Iran’s nuclear capabilities could soon surpass Israel’s. Can the U.S. use its influence to persuade Israel to avoid such a course of action?...
Obama prepares to announce Afghan surge
WASHINGTON — Barack Obama is set to make the boldest strategic move of his presidency on Tuesday and order a surge of tens of thousands more US troops into an increasingly unpopular war in Afghanistan. In front of cadets at the prestigious West Point military academy, Obama is expected to announce between 30,000 and 35,000...
