USA

Saturday, 12. June 2010

"Pfusch" und "Profitgier": BP am Pranger

Dem Unternehmen werden größere Nachlässigkeiten bei der Bohrung im Golf vorgeworfen.

http://www.heise.de/tp/blogs/2/147804



Öl und noch mehr Öl

BPs GAU im Golf von Mexiko: US-Geologen korrigieren Ölmenge nach oben.
http://www.heise.de/tp/blogs/2/147803



Vielleicht noch bis Weihnachten

Die Ölkatastrophe im Golf von Mexiko ist noch lange nicht unter Kontrolle und ihre Folgen für die Ölindustrie schon gar nicht.

http://www.heise.de/tp/blogs/2/147819



Ölpest: Schadensbekämpfung und Zensur

BPs Katastrophenkapitalismus unter Ausschluß der Öffentlichkeit.
http://www.heise.de/tp/blogs/2/147854



Im Blind-Scherbacken-Gang

US-Regierungsstellen vertrauten BPs Technologie, als ob sie von der NASA stammte. Neue Ursachenberichte zur Ölpest zeigen, wie weit sie damit hinter dem Mond lagen.

http://www.heise.de/tp/blogs/8/147866



Ölige Verbindungen

Der Richter, der Obamas Tiefsee-Bohrstopp aufhob, erzielt Einkünfte aus Transocean-Anteilsscheinen.

http://www.heise.de/tp/blogs/2/147879



Ölige Verbindungen II

Auch die Richter des Berufungsgerichts, das gestern gegen Obamas Tiefsee-Bohrstopp entschied, sollen enge Verbindungen zu Energieunternehmen und Big Oil haben.

http://www.heise.de/tp/blogs/2/147986



"17 Meilen vor der Küste gibt es kein klares Wasser mehr"

Die Auswirkungen der Ölpest im Golf werden immer drastischer sichtbar.
http://www.heise.de/tp/blogs/2/147930



Gas- und Ölförderung: Leckagen sind in Europa Dauerzustand
http://www.heise.de/tp/blogs/2/147928

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BP-Ölpest: Profitgier und technischer Pfusch schuld

Sicherheitsempfehlungen wegen Erfolgs- und Kostendrucks ignoriert.
http://sonnenseite.kjm4.de/ref.php?id=d8741689001ms211

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Golf von Mexiko: Ein Blick in die Zukunft?

Die Bevölkerung am Golf von Mexiko ist vor allem in zwei Branchen tätig: Ölförderung und diverse folgende Schritte sowie - Fischerei. Beides ist gegenwärtig nur eingeschränkt möglich - und das kann durchaus so bleiben. Viele Menschen arbeiten in der Fangsaison als Fischer und ansonsten als Hilfskräfte der Ölgesellschaften. Ein beträchtlicher Anteil der Fischer sind Flüchtlinge aus Vietnam und Houma-Indianer. Das Wasser war nicht nur ihr Broterwerb, sondern prägte auch die Alltagskultur. Wird alles anders am Golf nach dem GAU? In dem Artikel "Will BP disaster spark move to a new Gulf economy?" von Chris Komm am 25. Juni 2010 bei den Southern Studies wird versucht, diese und andere Perspektiven aus Sicht der Betroffenen zu analysieren: http://www.southernstudies.org/2010/06/gulf-dispatch-will-bp-disaster-spark-move-to-a-greener-gulf-economy.html

Siehe dazu auch: "Refinery Events June 18-24" (pdf-Datei) der wöchentliche Nachrichtendienst der Stahlarbeitergewerkschaft USW, die auch die Ölarbeiter organisiert: Ein knapper Hinweis auf einen branchenweiten Alltag voller Zwischen- und Unfälle..: http://assets.usw.org/oil-bargaining/refinery-events/oil-refinery-events-10-06-18-24.pdf

Sowie: "The Gulf South as Internal Periphery" - ein Beitrag von und bei den "Southern Leftists" vom 01. Juli 2010 dessen Autoren eine Paralelle ziehen zwischen den Klassenunterschieden und dem Rassismus in der "Katrina response" und den entsprechenden Konsequenzen der Ölkatastrophe: http://southernleftists.wordpress.com/2010/07/01/the-gulf-south-as-internal-periphery/


Aus: LabourNet, 2. Juli 2010



http://freepage.twoday.net/search?q=Ölpest
http://freepage.twoday.net/search?q=Ölindustrie
http://freepage.twoday.net/search?q=Big+Oil
http://sharenews.twoday.net/search?q=British+Petroleum
http://sharenews.twoday.net/search?q=oil+spill

When Corporations Dominate, Bad Happens

By Ray St. Louis

The primary enemy to the health and well-being of the American republic is (drum roll, please)...corporate hegemony.

http://www.informationclearinghouse.info/article25691.htm



New Hips Gone Awry Expose U.S. Kickbacks in Doctors' Conflicts

By David Armstrong

The financial ties between device makers and surgeons help explain why health-care costs in the U.S. rose at 2.5 times the rate of inflation in the past 10 years and account for a sixth of the economy.

http://www.informationclearinghouse.info/article25696.htm



http://freepage.twoday.net/search?q=healthcare
http://freepage.twoday.net/search?q=hegemony
http://freepage.twoday.net/search?q=David+Armstrong

The Spill, The Scandal and the President

By Tim Dickinson

The inside story of how Obama failed to crack down on the corruption of the Bush years - and let the world's most dangerous oil company get away with murder.

http://www.informationclearinghouse.info/article25695.htm



Day 51 Deepwater Horizon Oil Spill

Black Waves Hitting The Beach

Video

A short video of new, heavy oil hitting the state beach on Grand Isle. The number of oiled birds is on the rise, and Bottle-nosed Dolphins are swimming through the oil.

http://www.informationclearinghouse.info/article25690.htm



GOP Lawmaker With BP Stock Has Role in Spill Probe

By DENNIS CONRAD

A multimillionaire House Republican who owns thousands of shares of BP stock has no plans to recuse himself from a congressional investigation related to the Gulf oil spill or from votes on Capitol Hill that could affect his investments in the oil company.

http://www.informationclearinghouse.info/article25692.htm



Oil spill may be twice as bad as earlier thought

'This is a nightmare that keeps getting worse every week,' activist says.
http://www.msnbc.msn.com/id/37636151/ns/disaster_in_the_gulf



Gulf oil spill 'may top 100,000 barrels a day'

BP's oil leak in the Gulf of Mexico may be up to four times the scale estimated by a government scientific panel, pumping out 100,000 barrels a day in what equates to the company's "worst case scenario" and prompting new accusations that executives are stonewalling the truth.

http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7146713.ece



In pictures: Louisiana Oil Spill 2010 PHOTOS

Gulf Of Mexico Disaster Unfolds
http://www.huffingtonpost.com/2010/04/30/louisiana-oil-spill-2010_n_558287.html



BP Refuses to Allow Scientists to Test Oil Spill Samples

University of South Florida scientist David Hollander said he was "just taken aback" by BP's unwillingness to assist in a scientific inquiry into the trouble. "It was a little unsettling."

http://www.allgov.com/Top_Stories/ViewNews/BP_Refuses_to_Allow_Scientists_to_Test_Oil_Spill_Samples_100611



What are they hiding?

FAA Closes down Gulf of Mexico Air Traffic!
http://tfr.faa.gov/save_pages/detail_0_5100.html



BP Oil Disaster Could Hit Europe Via the Powerful Gulf Stream Current

The Obama Administration and senior BP officials are frantically working not to stop the world's worst oil disaster, but to hide the true extent of the actual ecological catastrophe.

http://www.marketoracle.co.uk/Article20207.html



Gulf Oil Syndrome: America's Next Health Crisis?

With reports of oil spill workers falling ill, and in some cases, even being hospitalized with flu-like symptoms including nausea, headache, dizziness and even chest pains - presumably due to exposure to toxic chemicals being emitted from the 33-million gallon slick, it's only a matter of time before people start coming down with Gulf Oil Syndrome.

http://www.foxnews.com/story/0,2933,594283,00.html



Who Voted to Limit the Liability of Oil Companies?

In 1990 Congress adopted the Oil Pollution Act. This act set liability limitations to $75 million for oil spills like the one we are witnessing in the Gulf Coast today. The congress-persons who voted for the Oil Pollution Act are directly responsible for the oil spill in the Gulf.

http://breakthematrix.com/latest/who-voted-to-limit-the-liability-of-oil-companies/



Why Is Dick Cheney Silent on the Oil Spill?

The former vice president is usually a vociferous defender of his time in government. But not on the disaster in the gulf.

http://tinyurl.com/28jgpge



The Do-Nothing 44th President

By David Michael Green

What do nine dead Gaza activists in the Mediterranean, nine-plus percent unemployment, and ninety years of oil catastrophe clean-up have in common?

http://www.informationclearinghouse.info/article25702.htm



BP Official Admits to Damage BENEATH THE SEA FLOOR

There is growing evidence that BP's oil well - technically called the "well casing" or "well bore" - has suffered damage beneath the level of the sea floor.

http://www.washingtonsblog.com/2010/06/evidence-points-to-destruction-beneath.html



B.P, Halliburton and Transocean have unleashed Armageddon and now there is no stopping it

This is our worst nightmare. The oil industry has killed the Gulf of Mexico.
http://www.informationclearinghouse.info/article25705.htm



Graphic shows number of animals collected near the Gulf of Mexico oil spill

This graphic depicts the total number of living and dead animals collected in four states since the oil spill began.

http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/06/graphic_shows_number_of_animal.html



BP hires company to handle oil spill claims whose goal is "reducing payouts" for clients

Publicly, BP has said it intends to be generous in compensating those affected by the Gulf oil spill: BP has hired a risk-management company who advertises that a main benefit of its services is "reducing our clients' loss dollar pay-outs" -- a goal Gulf advocates say is in direct contradiction to Washington and BP's promises to fully compensate coastal residents.

http://tinyurl.com/2f4tgke



Who Owns BP? Biggest Shareholder is JPMorgan Chase

According to the European financial database Amadeus, JPMorgan Chase is the No. 1 holder of stock in BP. That distinction also has earned the Wall Street bank the title of "Global Ultimate Owner" of the oil giant, as it owns 28.34% of BP.

http://tinyurl.com/2fqpl47



How BlueDog Boys kept Obama's boot off neck of BP's U.S. partner

The American owners of the drilling rig at the centre of the Gulf of Mexico oil spill have been involved in nearly three-quarters of all significant safety incidents on rigs in the region since 2008, according to new figures.

http://tinyurl.com/2dsd372


From Information Clearing House

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VIDEO: 'It looks like death' -- Two divers swim into oil spill
http://www.ufppc.org/us-a-world-news-mainmenu-35/9725/

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Devastating BP Oil Spill was Inevitable as Government Failed to Learn from Past Tragedies

http://www.commondreams.org/headline/2010/06/11-2

From the Ground: BP Censoring Media, Destroying Evidence
http://act.commondreams.org/go/992?akid=79.124981.T4uQXr&t=20

Putting the ‘I’ in Environment
http://www.commondreams.org/view/2010/06/11-10

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Obama Overlooked Key Points in Giving OK to Offshore Drilling

Steven Thomma, McClatchy Newspapers: "Weeks before the world had ever heard of the Deepwater Horizon oil rig, President Barack Obama stood in the Roosevelt Room of the White House poring over maps of oil drilling sites in the Gulf of Mexico, Alaska and elsewhere. Satisfied that he knew all he needed to know and confident that it was safe, he decided to propose expanded offshore drilling."

http://www.truth-out.org/obama-overlooked-key-points-giving-ok-offshore-drilling60368

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Ocean currents likely to carry oil along Atlantic coast

A detailed computer modeling study released indicates that oil from the massive spill in the Gulf of Mexico might soon extend along thousands of miles of the Atlantic coast and open ocean as early as this summer. The modeling results are captured in a series of dramatic animations produced by the National Center for Atmospheric Research (NCAR) and collaborators.

http://sonnenseite.kjm4.de/ref.php?id=d8741689036ms211

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Deadly Gases Leaking from BP Spill
http://www.infowars.com/lindsey-williams-talks-with-alex-jones-about-deadly-gases-leaking-from-bp-spill


Informant: Bob Banner

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Where have they been?

Strike the Root
by Paul Hein

06/15/10

It would be difficult to watch television news for more than five minutes without some mention of the debt ‘crisis.’ Economists are interviewed, and express deep concern about the fact that Uncle Sam is printing money at an unprecedented rate. And, yes, they are very worried about this mountain of debt, and how it can be paid...

http://www.strike-the-root.com/where-have-they-been


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Bush+legacy
http://freepage.twoday.net/search?q=Cheney
http://freepage.twoday.net/search?q=GOP
http://freepage.twoday.net/search?q=debt
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=JPMorgan
http://freepage.twoday.net/search?q=oil+industry
http://sharenews.twoday.net/search?q=British+Petroleum
http://freepage.twoday.net/search?q=Halliburton
http://freepage.twoday.net/search?q=drilling
http://freepage.twoday.net/search?q=oil+spill
http://freepage.twoday.net/search?q=corruption
http://freepage.twoday.net/search?q=unemploy
http://freepage.twoday.net/search?q=Tim+Dickinson
http://freepage.twoday.net/search?q=Juan+Gonzalez
http://freepage.twoday.net/search?q=David+Sirota
http://freepage.twoday.net/search?q=Steven+Thomma
http://freepage.twoday.net/search?q=David+Michael+Green

US 'Desperately' Trying to Keep Wikileaks from Publishing US Communications About Arab States

By Philip Shenon

Pentagon investigators are trying to determine the whereabouts of the Australian-born founder of the secretive website Wikileaks for fear that he may be about to publish a huge cache of classified State Department cables.

http://www.informationclearinghouse.info/article25683.htm



Daniel Ellsberg Fears a US Hit on Wikileaks Founder Julian Assange
Inside the Pimpernel's Bunker

By Muriel Kane

Recalling that he himself had been the intended target of a CIA hit squad in 1972, Ellsberg suggested, "As I look at Assange's case, their worry that he will reveal current threats, I would have to say, puts his well-being, his physical life, in some danger. And I say that with anguish. ... I think Assange would do well to keep his whereabouts unknown."

http://www.informationclearinghouse.info/article25699.htm



WikiLeaks is Asking for Urgent Help

Courage is Contagious

By David Heath

We face difficult times.
http://www.informationclearinghouse.info/article25723.htm



"Leaking This Information is the Act of a Hero."

By Mike Gogulski

In the 70s, the persecution of Daniel Ellsberg only caused support for him to increase. Somehow, it seems like the same will not be true for Bradley Manning unless thoughtful & concerned citizens do something about it.

http://www.informationclearinghouse.info/article25722.htm



Bradley Manning: A Real American Hero

Let us work to ensure that his bravery is rewarded with our admiration and support.
http://www.bradleymanning.org/



Wikileaks founder Julian Assange and Daniel Ellsberg at Personal Democracy Forum

Video
http://www.boingboing.net/2010/06/13/video-wikileaks-foun.html



WikiLeaks Inspired "New Media Haven" Proposal Passes In Icelandic Parliament

Reykjavik, Iceland

The WikiLeaks advised proposal to build an international "new media haven" in Iceland, with the world's strongest press and whistleblower protection laws, and a "Nobel" prize for Freedom of Expression, has unanimously passed the Icelandic Parliament.

http://www.informationclearinghouse.info/article25743.htm



Wikileak Case Echoes Pentagon Papers

By Coleen Rowley and Robert Parry

Though there are historic parallels between the actions of Manning today and those of Ellsberg in 1971, a major difference is the attitude of the mainstream U.S. news media, which then fought to publish Ellsberg's secret history but now is behaving more like what former CIA analyst Ray McGovern calls the "fawning corporate media" or FCM.

http://www.informationclearinghouse.info/article25737.htm



WikiLeaks Founder Has Massacre Video

Philip Shenon, a former investigative reporter at The New York Times, is the author of The Commission: The Uncensored History of the 9/11 Investigation.

http://tinyurl.com/36ftsap



Wikileaks Soldier Reveals Orders for "360 Rotational Fire"

You Want us to Kill Women and Children on the Street?

By Ralph Lopez

"If someone in your line gets hit with an IED, 360 rotational fire. You kill every motherf... on the street." Myself and Josh and a lot of other soldiers were just sitting there looking at each other like, "Are you kidding me? You want us to kill women and children on the street?"

http://www.informationclearinghouse.info/article25759.htm


From Information Clearing House

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Wiki-Leaks founder an assassination target?
http://www.brasschecktv.com/page/862.html

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Minerals, WikiLeaks, and Blackwater for Sale
http://www.commondreams.org/video/2010/06/15-1

WikiLeaks to Release Video of Deadly US Afghan Attack
http://www.commondreams.org/headline/2010/06/16-9

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Assange, preparing video of US 'massacre' of Afghan civilians, may be in danger
http://www.ufppc.org/us-a-world-news-mainmenu-35/9736/



http://sharenews.twoday.net/search?q=Afghanistan
http://freepage.twoday.net/search?q=Pentagon
http://freepage.twoday.net/search?q=Central+Intelligence+Agency
http://freepage.twoday.net/search?q=9/11
http://freepage.twoday.net/search?q=WikiLeaks
http://freepage.twoday.net/search?q=Julian+Assange
http://freepage.twoday.net/search?q=assassin
http://sharenews.twoday.net/search?q=Blackwater
http://freepage.twoday.net/search?q=Blackwater
http://sharenews.twoday.net/search?q=civilian+deaths
http://freepage.twoday.net/search?q=corporate+media
http://freepage.twoday.net/search?q=Philip+Shenon
http://freepage.twoday.net/search?q=Daniel+Ellsberg
http://freepage.twoday.net/search?q=+Muriel+Kane
http://sharenews.twoday.net/search?q=Mike+Gogulski
http://freepage.twoday.net/search?q=Jeremy+Scahill
http://freepage.twoday.net/search?q=Chris+McGreal
http://freepage.twoday.net/search?q=Coleen+Rowley
http://freepage.twoday.net/search?q=Robert+Parry
http://freepage.twoday.net/search?q=Ray+McGovern
http://freepage.twoday.net/search?q=Ralph+Lopez

Predator Palin

http://www.lewrockwell.com/buchanan/buchanan140.html



http://freepage.twoday.net/search?q=Palin
http://freepage.twoday.net/search?q=com/buchanan

Building the Ruling Elite

http://www.lewrockwell.com/rothbard/rothbard230.html

The Ruling Elite Called
http://www.lewrockwell.com/quinn/quinn32.1.html

It's Really About Controlling Our Lives
http://www.lewrockwell.com/spl2/all-about-controlling-our-lives.html

America's Ruling Class And the Perils of Revolution
http://www.lewrockwell.com/north/north872.html



http://freepage.twoday.net/search?q=ruling+elite
http://freepage.twoday.net/search?q=com/rothbard
http://sharenews.twoday.net/search?q=/quinn
http://sharenews.twoday.net/search?q=Paul+Driessen
http://sharenews.twoday.net/search?q=com/north

Cash and Bonds Will Be Very Dangerous

http://www.lewrockwell.com/faber/faber68.1.html

Debt Liquidation and Economic Recovery
http://www.lewrockwell.com/crovelli/crovelli46.1.html

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Soros: Collapse of Financial System "Real" and "Far From Over"

By Rocky Vega

Billionaire investor George Soros, who earned his fame in the '90s when he made $1 billion betting against the pound, has just leveled criticism against the entire financial system. Today, at a conference in Vienna, he vividly described the global economy going down, driven by vast government deficits.

http://www.informationclearinghouse.info/article25704.htm

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There’s no recovery, just more hard times ahead

Nolan Chart
by Kenn Jacobine

07/07/10

Yes, there have been times when the economic data looked promising. During some weeks first time unemployment claims have been down. The economy has grown between two and three percent some months. And there have even been some months when new home sales have swelled and the prices of houses in general have increased. But the fact of the matter is that the worst of the crisis is yet to come and of course like the initial crisis which has lasted for close to three years already it will be Washington’s fault...

http://www.nolanchart.com/article7839.html


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=debt
http://freepage.twoday.net/search?q=deficit
http://freepage.twoday.net/search?q=bonds
http://freepage.twoday.net/search?q=recovery
http://sharenews.twoday.net/search?q=unemploy
http://freepage.twoday.net/search?q=Soros
http://freepage.twoday.net/search?q=Marc+Faber
http://freepage.twoday.net/search?q=/faber
http://freepage.twoday.net/search?q=/crovelli
http://freepage.twoday.net/search?q=Kenn+Jacobine

Friday, 11. June 2010

Why the Main Street Economy Isn't Getting Any Better

Robert Reich | Robert Reich's Blog: "Today's most important economic news: US household debt fell for the seventh straight quarter in the first three months of 2010 as Americans continued to respond to the recession's fallout. But like all economic news, its significance depends on where you're standing - whether you're a typical American or someone at the top."

http://www.truth-out.org/robert-reich-why-main-street-economy-isnt-getting-any-better60342



Eight Ways the Great Recession Has Changed Americans

Mark Trumbull, The Christian Science Monitor: "Fifty-five percent of Americans in the labor force have experienced a job loss, a pay cut, or a reduction in hours since the onset of the Great Recession in 2007, a new survey finds."

http://www.truth-out.org/eight-ways-great-recession-has-changed-americans60924

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Debt Spreading 'Like a Cancer': Black Swan Author

"We had less debt cumulatively (two years ago), and more people employed. Today, we have more risk in the system, and a smaller tax base," Taleb said.

http://www.cnbc.com/id/37610064



7.9 million jobs lost, many forever

The "recession" killed off 7.9 million jobs. It's increasingly likely that many will never come back. The government jobs report issued Friday shows that businesses have slowed their pace of hiring to a relative trickle.

http://finance.yahoo.com/news/79-million-jobs-lost-many-cnnm-1248019835.html?x=0


From Information Clearing House



http://freepage.twoday.net/search?q=Main+Street
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=job+loss
http://freepage.twoday.net/search?q=unemploy
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Robert+Reich+Blog
http://freepage.twoday.net/search?q=Mark+Trumbull

Taking Bush’s preventive war doctrine underground (sort of)

Independent Institute
by Ivan Eland

06/09/10

Remember when Democrats and independents craved a less belligerent U.S. foreign policy that eschewed the aggressive preventive war doctrine of the George W. Bush administration? When Barack Obama took office, the atmospherics did seem to change as the new president promised to withdraw forces from Iraq and actually talk to unfriendly nations, such as Iran and North Korea. The only problem is that the new boss is largely the same as the old boss in the war on terror. To give some credit where it is due, the recently released Obama National Security Strategy has laudably narrowed the broad war to attacking al-Qaeda and associated groups around the world. But Obama has also made that war more aggressive and more secretive (sort of)...

http://www.independent.org/newsroom/article.asp?id=2807


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Bush+legacy
http://freepage.twoday.net/search?q=foreign+policy
http://freepage.twoday.net/search?q=global+war+on+terror
http://freepage.twoday.net/search?q=al-Qaeda
http://freepage.twoday.net/search?q=preventive+war
http://freepage.twoday.net/search?q=Ivan+Eland

Countervailing power

Boston Globe
by Robert Kuttner

06/10/20

As investigations are now revealing, there were laws that should have prevented the BP oil blowout, but the oil companies kept getting waivers from the Minerals Management Service, which was thoroughly tamed by the petroleum industry and its political allies in Washington. … The same hijacking of the regulatory apparatus occurred on the financial front. Ample laws could have prevented the speculative collapse if they had been enforced, including requiring banks to use sound underwriting standards, preventing credit rating agencies from bestowing triple-A ratings on junk, or keeping derivatives in check. The regulatory defaults spanned the Clinton and Bush administrations...

http://tinyurl.com/26dlswu



Big Oil bailout?

Our Future Blog
by Digby

06/10/10

Does that sound insane to you in this environment in which the congress is refusing to extend unemployment benefits? Me too. But John Boehner is actually pushing it. … [The] House Minority Leader [says] taxpayers should help pick up the tab. ‘I think the people responsible in the oil spill — BP and the federal government — should take full responsibility for what’s happening there,’ Boehner said at his weekly press conference this morning. … One very clever thing about this is the fact that they are framing this spill as being the equal fault of BP and the Federal government, which means it’s all the fault of an oil company and the Democrats...

http://www.ourfuture.org/blog-entry/2010062310/big-oil-bailout



Less government spending = less economic trouble

Christian Science Monitor
by Robert Higgs

06/23/10

Though our current economic troubles are complex, many mainstream economists have endorsed the simplistic Keynesian theory that massive government spending will produce jobs and prosperity. From such Keynesian thinking have flowed the ’stimulus’ and bailout measures that have increased the size and power of government and added trillions of dollars to the public debt. The federal deficit has jumped from about 3 percent of gross domestic product (GDP) in fiscal 2008 to about 10 percent of GDP in fiscal 2009 and 2010. The government now forecasts deficits in the neighborhood of $1 trillion per year for the next decade. Politicians, who are always looking for plausible rationales for their insatiable spending, borrowing, and power-grabbing, had never abandoned Keynesianism, so they have been elated to find economic ‘experts’ again confirming their self-interested inclinations. Indeed, several prominent economists, such as New York Times columnist Paul Krugman, are urging Washington to spend even more, lest the economy slow. But what does history show?

http://tinyurl.com/3aa3db2


Informant: Thomas L. Knapp

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Our Fault, Too

William Rivers Pitt, Truthout: "There were hearings on Capitol Hill this week regarding the Gulf oil disaster, and virtually everyone involved - from witnesses to experts to government officials - had a grand old time throwing rocks at British Petroleum. The Obama administration and various government agencies have also been taking it in the teeth over their failure to quell the oil boiling up from the bottom of the sea. Beaches are closing, animals are dying, livelihoods are being destroyed, and unbelievable as it may seem, the worst is yet to come. New reports indicate the well may have been releasing oil equivalent to the Exxon Valdez spill every eight to ten days since this whole thing started."

http://www.truth-out.org/our-fault-too60329



Obama, BP and the Wimp Factor

Alexander Cockburn, Truthout: "The British are howling with rage at President Obama's recent tough language about BP's chief executive Tony Hayward. Earlier this week, Obama suggested he'd fire Hayward if he could. U.S. politicians have taken to calling BP 'British Petroleum' - a name the company has not used since the 1990s. It's not surprising that the British are upset. BP is the elephant in the national living room. The value of the BP dividend accounts for roughly 1 pound in every seven of annual British shareholder payouts, and here are prominent politicians in the U.S. talking about BP suspending dividend payouts."

http://www.truth-out.org/alexander-cockburn-obama-bp-and-wimp-factor60338

--------

Obama: Stop Bashing Britain
http://www.lewrockwell.com/spl2/boris-johnson-to-obama.html

Expect Lots of Government Layoffs at State, Local Level
http://www.lewrockwell.com/spl2/state-local-govt-layoffs.html

--------

EPA reveals toxic Corexit ingredients
http://www.ufppc.org/us-a-world-news-mainmenu-35/9723/

--------

The Case for a Second Round of Stimulus

By Mike Whitney

Consumer spending is flat, home prices are set to fall, unemployment will likely edge higher, private sector credit is still contracting, capacity utilization is far below pre-crisis levels, the CPI is slipping, and yields on US Treasuries are priced for deflation. The government must pick up the slack or their will be a general fall in prices that will trigger more layoffs, larger deficits, and social unrest.

http://www.informationclearinghouse.info/article25809.htm



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