Archive for May, 2010
U.S. to Expand Pakistan Drone Strikes
May 6th, 2010Via: Al Jazeera: The Central Intelligence Agency (CIA) has been granted approval by the US government to expand drone strikes in Pakistan’s tribal regions in a move to step up military operations against Taliban and al-Qaeda fighters, officials have said. Federal lawyers backed the measures on grounds of self-defence to counter threats the fighters pose […]
Dodd’s ‘Financial Reform’ Bill Is a Black Hole
May 6th, 2010Via: Josh Fulton: Chris Dodd, everybody’s favorite hairdo, has introduced a “tough” financial “reform” bill that he claims will “limit the risk [financial institutions] can assume.” Of course, most people with a pulse realize that a 1565 page bill introduced by one of the top recipients of financial industry lobbyist money in Congress probably will […]
Freddie Mac Seeks More Government Funds
May 6th, 2010It must be nice having “unlimited financial backing” from Uncle $ugar when you’re short a few billion here and there. Via: Reuters: Freddie Mac, the second-largest provider of U.S. residential mortgage funds, on Wednesday asked for an additional $10.6 billion in federal aid after it lost $8 billion in the first quarter. The company warned […]
Many Possible Triggers for Wider Euro Debt Crisis
May 5th, 2010Why can’t the ECB just eat the debt, like the Federal Reserve has been eating it? Does anyone know why not? It doesn’t seem fair that Uncle Sugar can rally its silly confetti by feeding it into a shredder. The ECB should be able to do the same with its confetti, right? Via: Reuters: Europe […]
Obama Biggest Recipient of BP Campaign Cash
May 5th, 2010Flashback: Drill Baby, Drill: Obama to Open Offshore Areas to Oil Drilling for First Time Via: Reuters: While the BP oil geyser pumps millions of gallons of petroleum into the Gulf of Mexico, President Barack Obama and members of Congress may have to answer for the millions in campaign contributions they’ve taken from the oil […]
Portugal May Be Cut by Moody’s as Contagion Spreads
May 5th, 2010Via: Bloomberg: Portugal may have its credit rating cut by Moody’s Investors Service as the country struggles to reduce its budget deficit and revive economic growth a sign that contagion from the Greek crisis is spreading. Moody’s today placed its Aa2 rating on review for a possible downgrade, a process that will conclude within three […]
Trading Alert/Speculators Only: Buy EUR/USD Stopped Out
May 5th, 2010
WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Update: Europe’s Big Fat Greek Blood Bath 1.2805 —End Update— Update: Hooo Weee It’s not called a falling knife fer nuthin! 1.2850 Ok, it’s through three weekly supports now. Look out below. —End Update— Falling knife into multiple support area, bullish […]
Woman Screams “There Is No Witness Protection Program!” as She Stabs People in California Store
May 5th, 2010Very likely run of the mill madness, but just in case… Via: KNX1070: Layla Trawick used a butcher’s knife and a carving knife to attack four people in a busy Southern Calif. Target store Monday afternoon, according to officials. Using both blades at the same time – one in each hand – she slashed in […]
Roundup-Resistant Super Weeds
May 5th, 2010The New York Times piece below states the following about glyphosate: “It kills a broad spectrum of weeds, is easy and safe to work with, and breaks down quickly, reducing its environmental impact.” Please see: Study Released in Argentina Puts Glyphosate Under Fire: Criticism of the soy farming model intensified recently when research released by […]
Magic 8 Ball Police Cameras to Flood Manhattan, Looking for “Suspicious Behavior”
May 5th, 2010Via: AFP: New York officials say they could stop attacks like the attempted Times Square car bomb by expanding a controversial surveillance system so sensitive that it will pick up even suspicious behavior. New York is already a heavily policed city, with 35,000 officers and a counterterrorism bureau — the first of its kind in […]
