Archive for May, 2009
Commission Report Documents Atrocities Committed by the Catholic Church in Ireland; Excludes Names of Perpetrators
May 21st, 2009Chapter 7 Record of Abuse (Male Witnesses) is ghastly stuff. It reads like accounts of Satanic ritual abuse and what went on inside Abu Ghraib. Via: AP: After a nine-year investigation, a commission published a damning report Wednesday on decades of rapes, humiliation and beatings at Catholic Church-run reform schools for Ireland’s castaway children. The […]
Day of Reckoning Looms for the U.S. Dollar
May 21st, 2009Via: Financial Post: The U.S. dollar’s day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks – debt and inflation – are brought under a harsher spotlight. Ashraf Laidi, chief market strategist at CMC Markets, said Wednesday a “serious […]
Cryptogon Readers Send Contributions
May 21st, 2009MW sent $20 and MR sent $2. Thank you.
Obama Is Said to Consider Preventive Detention Plan
May 21st, 2009Via: New York Times: President Obama told human rights advocates at the White House on Wednesday that he was mulling the need for a “preventive detention” system that would establish a legal basis for the United States to incarcerate terrorism suspects who are deemed a threat to national security but cannot be tried, two participants […]
Wary of U.S. Debt, China Shifts Gears on Investment
May 20th, 2009The key sentence is below. Via: Reuters: So rather than cut off financing for the U.S.’s record budget deficit for this fiscal year, China has instead, little by little, shifted its buying out of longer-term bonds.
Green Berets: Military Brass Urge American Energy Revolution
May 20th, 2009Mmm hmm. Clean, green death rays. Via: Wall Street Journal: Retired military officers are urging the U.S. to get serious about changing the country’s approach to energy use. In a new report from Alexandria, Va.-based Center for Naval Analyses, a bevy of high-ranking former Army and Navy officials stress that the country’s reliance on oil […]
U.S. Crude Futures Rise $2 as EIA Says Supply Fell
May 20th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Disclosure: I’m long USO. Shorter term traders who are holding USO with profit should consider selling some of it into the strength this morning. This Reuters piece doesn’t mention OPEC production cuts, but here it is anyway. Via: Reuters: U.S. crude […]
“For Years,” the Taliban Has Been Fighting the U.S. with Arms that the U.S. Shipped to Afghanistan
May 20th, 2009We get by with a little help from our friends. Via: AFP: Pentagon munitions have leaked from Afghan forces to Taliban militants, enabling them to fight an insurgency for years against materially superior US and Afghan forces, The New York Times reported. According to a Times study of ammunition markings, of 30 rifle magazines removed […]
U.S. Taxpayers About to Buy GM
May 20th, 2009Selling future generations down the river: Made in America. Via: Reuters: If General Motors Corp (GM.N) files for bankruptcy, as widely expected, its healthy assets will be quickly sold to a new company owned by the U.S. government, a source familiar with the situation said on Tuesday. The source, who was not cleared to speak […]
Daimler Partners with Tesla to Build Small Electric Car
May 20th, 2009It’s time to play Catch Mitsubishi If We Can. Via: CNET: German automotive giant Daimler has invested in electric-car company Tesla Motors and plans to use Tesla’s battery packs in its Smart electric car due later this year. At a Tuesday press conference held at the Daimler museum in Stuttgart, Germany, Tesla CEO Elon Musk […]
