Archive for September, 2008
U.S. Schools Pay Classroom Informants
September 21st, 2008Via: BBC: When police armed response units pulled up at Scripps Ranch High School, it was bad news for the teenage boy carrying a replica machine gun around campus. For the student who tipped off the police, though, things were looking up. Under an incentive scheme at Scripps Ranch, a large San Diego high school, […]
U.S. Army 3rd Infantry Division’s 1st Brigade Combat Team Assigned to NORTHCOM Beginning October 1st
September 21st, 2008Via: Army Times: The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys. Now they’re training for the same mission — with a twist — at home. Beginning Oct. 1 for 12 months, the […]
And Now: The Killer Drones that Can See Through Walls
September 21st, 2008Via: Slate: Both reports focus on “detecting and identifying humans enclosed in building structures.” “Through-the-wall sensing is currently a topic of great interest to defense agencies both in the U.S. and abroad,” says the April report. “The U.S. Army Research Laboratory (ARL) has been active in all these fields of investigation, approaching these issues both […]
U.S. TAXPAYERS ALSO ON THE HOOK FOR FOREIGN BANKS
September 21st, 2008Sure, Hank. Tell us another one. Via: Politico: In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night. The theory, according to a participant in the negotiations, is that […]
Default by the U.S. Government Is No Longer Unthinkable
September 21st, 2008Lots of people (like me) have been thinking this for years. We’ve been wrong so far… Via: Telegraph: So, here we are – the start of a new world order. After the tumultuous events of the last fortnight, the global economic landscape will never look the same again. Power has tangibly shifted – away from […]
UK: Taxes Will Soar in Credit Crisis
September 21st, 2008Via: Times Online: TAXPAYERS in Britain face up to 5p in the pound in extra taxes because of the credit crunch created by the banks, leading economists have warned. After a week of unprecedented financial turmoil, they predict that government borrowing is about to surge as the Treasury’s tax take is slashed by a slump […]
Resolution Trust: The Mother of All Scams
September 21st, 2008Via: Subprime Showtime: In what is both the single most socialist move ever made by the US government, and the biggest robbery of US taxpayer since the creation of the union, the Fed and the Treasury have quickly realized who pays the government and acted quickly to ensure the survival of all the crooks on […]
FDIC Friday: Ameribank Bites the Dust
September 21st, 2008Via: AP: Federal regulators have shut down Ameribank Inc., a small bank in West Virginia, saying it overextended loans for the rehabilitation of distressed properties. It was the 12th failure this year of a federally insured bank. The Federal Deposit Insurance Corp. has been appointed receiver of the bank, based in Northfork, W.Va. It had […]
In Hard Times, Tent Cities Rise Across the Country
September 21st, 2008But, but… The fundamentals of the economy are strong. Sure, the prison economy. The war economy. The socialized finance economy. Via: AP: A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency winter shelter closed for the summer. Then others appeared – people who […]
Industrials: Biggest 2 Day Rally Since 1929
September 20th, 2008Some interesting charts at Big Picture. Research Credit: BW
