World-News

The nation's holdings of long-term Treasuries fell in June for the first time in 15 months, dropping by $21.2 billion to $839.7 billion, a U.S. government report showed yesterday. Two- year yields headed for a fifth monthly decline in August, falling today to a record 0.48 percent.

http://www.activistpost.com/2010/08/china-slashes-us-government-bond.html



Southern California Home Sales Drop 21 Percent

A tracking firm says home sales in Southern California plummeted more than 21 percent last month from July 2009, their biggest drop in more than two years.

http://cbs2.com/lasvegas/Real.Estate.Home.2.1864493.html



US homebuilder confidence sinks

Despite low mortgage rates, fewer people are buying new homes. Official data shows that in June alone purchases of existing homes declined by 5.1 percent.

http://www.presstv.ir/detail/139077.html



Loan Closing Costs Jump 36.6% Year-Over-Year

Bankrate suggests one reason for this jump in cost is the government requirement for lenders to provide accurate good faith estimates (GFEs) of closing costs.

http://bit.ly/bLOePC



Another Threat to Economy: Boomers Cutting Back

Policy makers have long worried that Americans aren't saving enough for old age. And lately, current and prospective retirees have been hit on many fronts at once: They have less money, they earn less on what they have, their houses aren't rising in value and the prospect of working longer to make up the shortfall has dimmed significantly in a lousy job market.

http://bit.ly/9pQtXn


From Information Clearing House



http://sharenews.twoday.net/search?q=US+economy
http://sharenews.twoday.net/search?q=government+bond
http://freepage.twoday.net/search?q=Treasuries
http://freepage.twoday.net/search?q=homebuilder
http://sharenews.twoday.net/search?q=home+sales
http://sharenews.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=retiree
http://sharenews.twoday.net/search?q=job+market

Recordings of a 9/11 plotter being interrogated in a secret overseas prison were discovered under a desk by the CIA- even though the government told the Justice Department twice that such tapes did not exist.

http://bit.ly/aZVIva


From Information Clearing House



http://sharenews.twoday.net/search?q=DoJ
http://sharenews.twoday.net/search?q=9/11
http://sharenews.twoday.net/search?q=Central+Intelligence+Agency
http://sharenews.twoday.net/search?q=secret+prison
http://sharenews.twoday.net/search?q=Ramzi+Binalshibh
http://www.google.de/search?q=Ramzi+Binalshibh

Colombia's constitutional court has declared a US-Colombian accord that gave the US military access to at least seven Colombian bases to be unconstitutional.

http://english.aljazeera.net/news/americas/2010/08/20108180576316934.html


From Information Clearing House



http://freepage.twoday.net/search?q=Colombia

Racketeers for Capitalism

By Cindy Sheehan

The Empire preys on our kids using all the tools at its disposal: Economic panic, high college tuition, high unemployment and a mythology that the U.S. has some existential right to steal the resources of other nations.

http://www.informationclearinghouse.info/article26178.htm



A Mutant Form of Capitalism

Video

An animated interview of John Perkins, author of 'HoodWinked' and 'Confessions Of An Economic Hitman'

http://www.informationclearinghouse.info/article26184.htm



America's Biggest Jobs Program - the U.S. Military

By Robert Reich

America's biggest - and only major - jobs program is the U.S. military. Over 1,400,000 Americans are now on active duty; another 833,000 are in the reserves, many full time. Another 1,600,000 Americans work in companies that supply the military with everything from weapons to utensils. (I'm not even including all the foreign contractors employing non-US citizens.)

http://www.informationclearinghouse.info/article26175.htm



None Dare Call It Tyranny

By Sheldon Richman

The national government - specifically the executive branch - can do pretty much what it wants. It could bomb Iran tomorrow without a declaration of war from Congress. It can - and does - conduct secret wars and covert operations against countries that have done nothing to us.

http://www.informationclearinghouse.info/article26180.htm



Dismantling America

By Thomas Sowell

The Constitution was not only a challenge to the despotic governments of its time, but has been a continuing challenge - to this day - to all those who think that ordinary people should be ruled by their betters, whether an elite of blood, or of books, or of whatever else gives people a puffed-up sense of importance.

http://www.informationclearinghouse.info/article26179.htm



Understanding America's Class System

Honk If You Love Caviar

By Joe Bageant

America has always had a ruling class, and it has always bullshitted the world that it doesn't. But at least the ruling class of the past was interesting and varied, because diverse sorts of Americans were getting rich.

http://www.informationclearinghouse.info/article26177.htm



Deceptive Economic Statistics

While the economists lied the US economy died

By Paul Craig Roberts

Right now, if measured according to the methodology of 1980, the US unemployment rate is about 22%. Thus, the reported rate of unemployment hides more than half of the unemployed.

http://www.informationclearinghouse.info/article26182.htm

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Overthrowing the Liars
http://www.lewrockwell.com/margolis/margolis200.html

Lies and Unction
http://www.lewrockwell.com/snyder/snyder21.1.html

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Death and Joblessness: How Suicide Dogs the Long-Term Unemployed
http://www.commondreams.org/headline/2010/08/17-2

America's Propensity for Paranoia
http://www.commondreams.org/video/2010/08/17-0

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America has fallen … and can’t get up!

Freedom's Phoenix
by David McElroy

08/14/10

America has fallen … and can’t get up. The wolves of Wall Street are picking her bones. Many wait, with baited breath, for the fat lady to sing. Face it folks, America is no longer the sweet land of liberty. It has become the land of the fee and home of the slave. How the mighty have fallen! How?

http://tinyurl.com/29x3nlw


Informant: Thomas L. Knapp



http://sharenews.twoday.net/search?q=empire
http://sharenews.twoday.net/search?q=tyranny
http://sharenews.twoday.net/search?q=ruling+class
http://sharenews.twoday.net/search?q=Constitution
http://sharenews.twoday.net/search?q=capitalism
http://sharenews.twoday.net/search?q=US+economy
http://sharenews.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=racketeer
http://sharenews.twoday.net/search?q=secret+war
http://sharenews.twoday.net/search?q=contractor
http://freepage.twoday.net/search?q=covert+operation
http://sharenews.twoday.net/search?q=unemploy
http://sharenews.twoday.net/search?q=jobless
http://sharenews.twoday.net/search?q=Sheehan
http://freepage.twoday.net/search?q=John+Perkins
http://sharenews.twoday.net/search?q=Robert+Reich+Blog
http://sharenews.twoday.net/search?q=Sheldon+Richman
http://sharenews.twoday.net/search?q=Thomas+Sowell
http://sharenews.twoday.net/search?q=Joe+Bageant
http://sharenews.twoday.net/search?q=Paul+Craig+Roberts
http://sharenews.twoday.net/search?q=margolis
http://freepage.twoday.net/search?q=/snyder
http://sharenews.twoday.net/search?q=Annie+Lowery
http://sharenews.twoday.net/search?q=David+McElroy

By Lawrence S. Wittner

Where does this vast outlay of U.S. tax dollars-the greatest military appropriations in U.S. history-go?

http://www.informationclearinghouse.info/article26183.htm

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Stop spending money

Liberty For All
by John Jay Myers

08/17/10

It seems like this country has been divided in two, not because Americans are really easily divided into two groups, but because we don’t take the time to realize that we are being divided, and that because of laws put in place by a two party monopoly, we don’t believe we have any other choice. I think from now on I have to start every speech with one line. We are broke...

http://www.libertyforall.net/?p=4692


Informant: Thomas L. Knapp



http://sharenews.twoday.net/search?q=military+spending
http://sharenews.twoday.net/search?q=taxpayer
http://sharenews.twoday.net/search?q=Lawrence+S.+Wittner
http://sharenews.twoday.net/search?q=John+Jay+Myers