World-News

http://www.commondreams.org/headline/2010/07/12-0

Coast Guard Photos Show Spill Workers Without Protective Gear
http://www.commondreams.org/headline/2010/07/13-5

Finding Louisiana’s Methadone
http://www.commondreams.org/video/2010/07/13-1

Oil Disaster Victims Wait for Payment
http://www.commondreams.org/video/2010/07/13-0

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The Gulf 20 years from now
http://www.brasschecktv.com/page/895.html

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Toxic Dispersants Near Gulf Harm Humans and Wildlife

Dahr Jamail and Erika Blumenfeld, Truthout: "My eyes are burning as I type this. We've just returned from spending the day down in Barataria, located about an hour's drive south of New Orleans. The community of fishermen is swimming in oil. Within minutes of arriving, our eyes begin to burn and we begin to feel dizzy from airborne chemicals from the oil and dispersant."

http://www.truth-out.org/bad-air-barataria61296

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Stop spraying the Gulf with Corexit now
http://www.stopthespraying.org/



http://sharenews.twoday.net/search?q=oil+spill
http://sharenews.twoday.net/search?q=British+Petroleum
http://sharenews.twoday.net/search?q=Exxon+Valdez
http://sharenews.twoday.net/search?q=Corexit
http://sharenews.twoday.net/search?q=Lucia+Graves
http://sharenews.twoday.net/search?q=Sasha+Chavkin
http://freepage.twoday.net/search?q=Mark+Hertsgaard
http://sharenews.twoday.net/search?q=Sarah+Laskow
http://sharenews.twoday.net/search?q=Dahr+Jamail
http://sharenews.twoday.net/search?q=Erika+Blumenfeld

The Libertarian Standard
by Ryan McMaken

(07/09/10

The new competition over reserve currency is interesting for more than its economics since it is an important political issue. The nation that can build up its own currency as a reserve currency will expand its ability to inflate and incur debt with less fear of inflation. The US has benefited from this situation for decades. As the Fed inflates to finance deficit spending and to “stimulate” consumer spending, dollars are eventually absorbed by foreign central banks, put in reserves and out of circulation. The United States has managed to stave off the effects of reckless money printing for decades thanks to the willingness of foreign investors and central banks to sit on dollars as a store of value. Now the demand for the dollar is fading away slowly...

http://tinyurl.com/28dda3h


Informant: Thomas L. Knapp



http://sharenews.twoday.net/search?q=reserve+currency
http://sharenews.twoday.net/search?q=debt
http://sharenews.twoday.net/search?q=deficit
http://freepage.twoday.net/search?q=stimulus
http://freepage.twoday.net/search?q=consumer+spending
http://freepage.twoday.net/search?q=money+printing
http://freepage.twoday.net/search?q=Ryan+McMaken

Campaign for Liberty
by US Rep. Ron Paul (R-TX)

07/09/10

Any legitimate objections to the audit proposal were addressed in the language of the motion to recommit. Thus, it is clear that the real reasons for opposing it are unstated and indefensible. The real reasons are that politicians like to spend money far exceeding income and it is convenient to have an enabler of this in the Federal Reserve. The easier it is for the Fed to create money, hidden from public view and accountability, the easier it is for politicians to spend that money and make sure their friends and interests are taken care of through shady political processes. The broader reasons for supporting this entire financial regulatory reform bill are just as sinister...

http://www.campaignforliberty.com/article.php?view=1001


Informant: Thomas L. Knapp



http://sharenews.twoday.net/search?q=Ron+Paul
http://sharenews.twoday.net/search?q=Federal+Reserve

Foundation for Economic Education
by Sheldon Richman

07/09/10

[I]f the deficit is to be eliminated it will have to be through dramatic budget cutting. In the current fiscal year the federal government is planning to spend $3.55 trillion. Among the largest categories of spending are Social Security (19.63 percent); unemployment/welfare/other ‘mandatory’ spending (16.13 percent); Medicare (12.79 percent); Medicaid and the State Children’s Health Insurance Program (8.19 percent); and interest on the national debt (4.63 percent). Of course I’ve left out a category, but it’s one often ignored by deficit hawks: the Department of Defense...

http://www.thefreemanonline.org/columns/tgif/afford-empire/


Informant: Thomas L. Knapp

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Fix the Economy?

By Mike Whitney

Fearmongering about the deficits is a political calculation to win elections and strangle popular social programs. It has no economic value.

http://www.informationclearinghouse.info/article25927.htm



US Deficit Reduction Painful, Commission Chiefs Warn

Eliminating mortgage interest deduction being considered

By Donna Smith

Restoring U.S. fiscal balance is going to be a painful process that mostly requires spending cuts, but also some tax increases, the leaders of President Barack Obama's deficit commission said on Wednesday.

http://www.informationclearinghouse.info/article25943.htm



http://sharenews.twoday.net/search?q=Obama
http://sharenews.twoday.net/search?q=empire
http://sharenews.twoday.net/search?q=budget
http://sharenews.twoday.net/search?q=deficit
http://sharenews.twoday.net/search?q=debt
http://sharenews.twoday.net/search?q=Pentagon
http://sharenews.twoday.net/search?q=mortgage
http://sharenews.twoday.net/search?q=Sheldon+Richman
http://sharenews.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=Donna+Smith

Yahoo! News

07/11/10

The heads of President Barack Obama’s national debt commission painted a gloomy picture Sunday as the United States struggles to get its spending under control. Republican Alan Simpson and Democrat Erskine Bowles told a meeting of the National Governors Association that everything needs to be considered — including curtailing popular tax breaks, such as the home mortgage deduction, and instituting a financial trigger mechanism for gaining Medicare coverage. The nation’s total federal debt next year is expected to exceed $14 trillion — about $47,000 for every U.S. resident...

http://tinyurl.com/2adrgzc



The worst of times, the best of times

CounterPunch
by Alexander Cockburn

07/11/10

It’s the worst of times. America is plunging back into Depression. Only one out of every two Americans of working age has a job. Forty years ago that would have been okay. Dad went to the factory. Mom stayed at home to mind the kids. These days, just to keep the show on the road, mom and pop both work and the kids get daycare. … And yet … if not the best of times, you can hardly say that America is broke. It’s not. As Carl Ginsburg remarked on this site last week, ‘America is awash in cash. This is a very, very rich country with piles and piles of cash. Private US accounts today contain approximately $10 trillion in cash and liquid assets.’ … The problem is that the banks don’t want to put money out, because they think ordinary Americans are too broke to pay it back. Ordinary Americans agree. They’ve carried America forward through the past decade on the backs of their credit cards and they can’t totter another step. They’re out of juice...

http://counterpunch.org/cockburn07092010.html


Informant: Thomas L. Knapp



http://sharenews.twoday.net/search?q=Obama
http://sharenews.twoday.net/search?q=dept
http://sharenews.twoday.net/search?q=mortgage
http://sharenews.twoday.net/search?q=Alexander+Cockburn

http://www.lewrockwell.com/orig10/marshall7.1.1.html



http://freepage.twoday.net/search?q=Andrew+Gavin+Marshall
http://freepage.twoday.net/search?q=/marshall

http://www.lewrockwell.com/grigg/grigg-w157.html

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Welfare & warfare

Nolan Chart
by Jim Quinn

07/19/10

The real tragedy is that because of the fiscal irresponsibility of politicians and the Boomer generation, future generations of Americans will for the first time in U.S. history have a lower standard of living than their parents. The wealth of the nation has been frittered away by statists and war mongers. The current fiscal path of the country is unsustainable...

http://www.nolanchart.com/article7863.html


Informant: Thomas L. Knapp



http://sharenews.twoday.net/search?q=warfare
http://freepage.twoday.net/search?q=warfare+state
http://sharenews.twoday.net/search?q=warmonger
http://sharenews.twoday.net/search?q=com/grigg
http://freepage.twoday.net/search?q=Jim+Quinn

http://www.heise.de/tp/blogs/8/147997



http://sharenews.twoday.net/search?q=Obama

Part III

Melvin A. Goodman, Consortium News: "President Barack Obama inherited a difficult national security situation - wars in Iraq and Afghanistan; an exaggerated and counterproductive war on terror; debilitating deficits and rising debt; an obstructionist Congress; and a corporate media that has abandoned its watchdog ethos. Unfortunately, President Obama did not have the experience to manage this daunting challenge. He had scant background in foreign policy, military policy or defense expenditures. Nor did he have much knowledge about the major players in these fields."

http://www.truth-out.org/obamas-bungled-military-strategies-part-iii61188



http://sharenews.twoday.net/search?q=Obama
http://sharenews.twoday.net/search?q=global+war+on+terror
http://sharenews.twoday.net/search?q=foreign+policy
http://sharenews.twoday.net/topics/Afghanistan/
http://sharenews.twoday.net/topics/Iraq+-+Irak+/
http://sharenews.twoday.net/search?q=deficit
http://sharenews.twoday.net/search?q=debt
http://sharenews.twoday.net/search?q=Melvin+A.+Goodman

By Camillo Mac Bica

They wage preemptive war, occupy and bomb sovereign nations, utilize video-game technology and robotics to murder and then dehumanize hundreds of thousands of innocent men, women and children as collateral damage. We who advocate peace and justice say that such acts of war and occupation are illegal, immoral and a barbaric and paranoid response to contrived evil.

http://www.informationclearinghouse.info/article25918.htm



Civilian deaths rise in Afghanistan

Hundreds of Afghans took to the streets of Mazar-i-Sharif Saturday to protest against mounting civilian deaths. Protesters chanted slogans against foreign forces and Afghan President Hamid Karzai after U.S. troops killed two civilians in a pre-dawn raid Wednesday in the northern city's outskirts.

http://www.reuters.com/article/idUSTRE6690DB20100710


From Information Clearing House



http://sharenews.twoday.net/search?q=Afghanistan
http://sharenews.twoday.net/search?q=Karzai
http://freepage.twoday.net/search?q=preemptive+war
http://freepage.twoday.net/search?q=collateral+damage
http://sharenews.twoday.net/search?q=civilian+deaths
http://freepage.twoday.net/search?q=Camillo+Mac+Bica