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Thursday, June 9, 2011

Daily News Links -- June 09, 2011

Daily News Links -- June 09, 2011:
http://ebnewslinks.blogspot.com


***DELTA AIRLINES CHARGES $2,800 BAG FEE TO GI'S RETURNING HOME FROM ACTIVE DUTY***

http://www.stripes.com/news/middle-east/afghanistan/on-youtube-soldiers-home-from-war-recount-paying-delta-for-extra-bags-1.146040


THE FEDERAL RESERVE, QUANITATIVE EASING, INFLATION, FREE-MARKET PRINCIPLES, DEFICITS, GOLD, SILVER, FOOD CRISIS

***GOP MULLS DEBT-CEILING HIKE***
http://thehill.com/homenews/senate/165283-gop-considers-short-term-debt-ceiling-deal-if-talks-fail

--AMERICA'S TICKING TIMEBOMB:  FITCH WARNS IT MAY CUT U.S. DEBT RATING TO "RESTRICTED DEFAULT" IN AUGUST
http://news.yahoo.com/s/nm/20110608/bs_nm/us_usa_ratings_fitch

--CHINA sells short-term U.S. bonds, warns U.S. debt-default idea is "playing with fire"
http://finance.yahoo.com/news/US-debt-default-unimaginable-rb-544637721.html?x=0&sec=topStories&pos=2&asset=&ccode

("Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China's central bank said")

--FEDERAL RESERVE OFFICIALLY HOLDS LARGEST AMOUNT OF U.S. DEBT
http://www.cnsnews.com/news/article/fed-eclipses-china-top-owner-us-debt

("As the Fed increased its ownership of U.S. debt and the Chinese decreased theirs, the Fed’s portfolio of U.S. Treasury securities surpassed the Chinese in February. By the end of that month, the Fed owned $1.213 trillion in U.S. debt and the Chinese owned $1.1541 trillion.")
--Lack of [U.S. bond] buyers may force Treasury to boost interest rates...

http://www.washingtontimes.com/news/2011/jun/7/lack-of-buyers-may-force-treasury-to-boost-interes/
("Do they expect the Chinese to reverse course on their current policy and start heavily buying U.S. debt once again?" asked Peter Schiff, president of Euro Pacific Capital. "That seems extremely unlikely.")
***GOP TO PUSH FOR BALANCED-BUDGET AMENDMENT***

http://www.usnews.com/news/blogs/washington-whispers/2011/06/08/gop-pushes-balanced-budget-amendment
--Poll:  NEARLY HALF OF AMERICANS BELIEVE 1930'S-STYLE DEPRESSION IMMINENT

http://www.politico.com/news/stories/0611/56507.html
--WSJ Op-Ed:  "The Economy Is Worse Than You Think"

http://online.wsj.com/article/SB10001424052702303657404576363984173620692.html?mod=rss_opinion_main
("Expect more bad news until someone enacts a plan to bring deficits under control without raising taxes.")

DALLAS FEDERAL RESERVE PRESIDENT BLASTS "TOO-BIG-TOO-FAIL"
http://finance.townhall.com/columnists/mikeshedlock/2011/06/08/fed_pres_blast_too_big_to_fail,_as_european_banks_teeter
("Most regulatory reform initiatives applied since the Banking Act of 1864 have missed the mark. They looked good on paper and appeared to solve the problems of the day but later proved not up to the task. This is especially true with efforts to solve the "too big to fail" problem, in which an unwillingness to follow through on prior policy commitments to actually close down large failures and impose losses on their uninsured creditors has led to what economists call "time inconsistency" in policy.")

***OBAMA PLEDGES TO BAILOUT GREECE***

http://www.cnbc.com/id/43321461
("President Barack Obama on Tuesday urged European countries and bondholders to prevent a "disastrous" default by Greece and pledged U.S. support to help tackle the country's debt crisis.")
--Greek joblessness at record 16.2% as new austerity looms...

http://abcnews.go.com/Business/wireStory?id=13790179
----FLASHBACK TO EARLIER THIS WEEK:  Black Americans' unemployment up to 16.2%...

http://www.bls.gov/news.release/empsit.a.htm
--Op-Ed:  "Uncivil Unrest?
"
http://www.market-ticker.org/akcs-www?post=187741
("That paradigm must change, and if you live in a place like Chicago, and can't manage to convince the government of your town to do so then you better get the hell out of there before things get really bad - because if we continue on this path, they will.")
ILLINOIS:  BANK OF AMERICA TO GIVE AWAY VACANT & ABANDONED PROPERTIES

http://www.bankrate.com/financing/mortgages/bofa-to-give-away-houses/#ixzz1OjsWdDcv
("Bank of America plans to do with as many as 150 vacant and abandoned properties in and around Chicago through a new "collaboration" with the city that's intended to address the problem of abandoned properties.")
WHY AMERICA NEEDS TO DRILL:  ExxonMobil discovers 700 MILLION BARRELS of oil in Gulf of Mexico

http://thehill.com/blogs/e2-wire/677-e2-wire/165409-exxon-makes-major-oil-discovery-in-gulf
("ExxonMobil made the discovery after the Interior Department's Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved an application in March allowing the company to resume exploratory drilling. Drilling at the well was halted in the aftermath of last year's Gulf of Mexico oil spill"..."BOEMRE has approved 15 deepwater permits since February, when the industry was able to show that it can contain well blowouts")

IDAHO:  CHINA TO CONSTRUCT 50-SQUARE-MILE SELF-SUSTAINING CITY SOUTH OF BOISE...

http://endoftheamericandream.com/archives/china-wants-to-construct-a-50-square-mile-self-sustaining-city-south-of-boise-idaho

BIG GOVERNMENT, REDISTRIBUTION OF WEALTH, ECONOMIC/ENVIRONMENTAL/SOCIAL JUSTICE, COLLECTIVE SALVATION, LIBERATION THEOLOGY

ObamaCare overhaul fight in pivotal Atlanta court
http://www2.alabamas13.com/news/2011/jun/08/3/healthcare-overhaul-fight-pivotal-atlanta-court-ar-1944861/
--Federal judges seem receptive to challenge...

http://news.yahoo.com/s/ap/20110608/ap_on_re_us/us_health_overhaul
--WHAT "OBAMACARE" WILL LOOK LIKE:  Man dies in U.K. hospital hallway, body ignored for hours, then body dragged away...
http://www.dailymail.co.uk/news/article-2000824/NHS-indignity-Peter-Thompsons-body-ignored-hours-corridor-Edale-House-unit.html#ixzz1OhjxneYl

MORE FEDERAL INTRUSION:  Obama to create "White House Rural Council"

http://hosted.ap.org/dynamic/stories/U/US_OBAMA_RURAL_COUNCIL?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-06-08-20-47-10
SWAT TEAM BREAKS DOWN MAN'S DOOR -- OVER STUDENT LOANS

http://www.news10.net/news/article/141072/2/Dept-of-Education-breaks-down-Stockton-mans-door
--FLASHBACK:  Education Department buying 27 shotguns...

http://voices.washingtonpost.com/answer-sheet/education-secretary-duncan/ed-department-buying-27-shotgu.html
MICHIGAN:  Food stamp trafficking felony charges filed in lobster, steak Bridge Card case

http://www.lansingstatejournal.com/article/20110607/NEWS01/106070329/-1/RSS13
FCC chairman agrees to strike "Fairness Doctrine" from rule books... (GOOD.)

http://thehill.com/blogs/hillicon-valley/technology/165369-fcc-chairman-agrees-to-strike-fairness-doctrine-from-rule-books
FACEBOOK in new privacy mess over facial recognition feature...

http://www.guardian.co.uk/technology/2011/jun/08/facebook-privacy-facial-recognition
CHINA overtakes U.S. as top energy consumer...

http://finance.yahoo.com/news/Report-China-overtakes-US-as-apf-1370742434.html?x=0
("Oil company BP said Wednesday that China moved to the top in 2010 with 20.3 percent of global demand, ahead of the United States at 19 percent.")

--EPA's new rules/regulations could cost the coal-fired power plant industry $180 BILLION...
http://www.usnews.com/news/blogs/washington-whispers/2011/06/08/coal-regs-would-kill-jobs-boost-energy-bills

--Obama Administration spends $17.4MM to explore market for carbon credits

http://cnsnews.cloud.clearpathhosting.com/news/article/ag-dept-distributes-174-million-grants-e
----FLASHBACK: CANDIDATE OBAMA, JANUARY 2008:  "Under my plan of a cap and-trade system, electricity rates would necessarily skyrocket" (VIDEO)

http://hotair.com/archives/2008/11/02/obama-ill-make-energy-prices-skyrocket/
--Op-Ed: California's "Green" Jihad

http://blogs.forbes.com/joelkotkin/2011/06/07/californias-green-jihad/
Meet David Mamet:  A liberal-Jewish-Hollywood-actor-turned-small-government-Constitutionalist
http://abcnews.go.com/Entertainment/david-mamet-book-liberal-conservative/story?id=13783247


ILLEGAL ALIENS, OPEN BORDERS, TERRORISM, "MISUNDERSTANDERS OF ISLAM"
MEXICO ASKS TEXAS TO "TONE DOWN" TRAVEL WARNING RHETORIC

http://www.washingtonpost.com/lifestyle/travel/mexico-asks-texas-to-tone-down-travel-warnings-discouraging-tourists-from-crossing-border/2011/06/08/AGtuWDMH_story.html
--MEXICO, 13 OTHER NATIONS SAY UTAH'S ILLEGAL ALIEN LAW COULD STRAIN DIPLOMATIC RELATIONS (GOOD FOR UTAH!)

http://www.deseretnews.com/article/705374152/Mexico-13-other-nations-say-Utah-illegal-immigration-law-could-strain-diplomatic-relations.html
RUSSIA may develop nuclear offensive, arms race...

http://en.rian.ru/world/20110608/164518658.html

IRAN says it will triple uranium production capacity
(trying to build a bomb as fast as possible)
http://www.jpost.com/IranianThreat/News/Article.aspx?id=224149

--Bin Laden's deputy Ayman al-Zawahri says Muslims worldwide will destroy America
http://www.startribune.com/world/123449604.html

("Our brothers who are working in Islam in all places, I tell you that our hands are extended to you and our hearts are open to you, so that we can work together to make Allah's word the highest and to make Islamic law in Muslim lands the ruler, not the ruled," he said in a video released on militant websites.")

----"Peaceful" Quarn verse for this week:
  Sura (2:191-193) - "And slay them wherever ye find them, and drive them out of the places whence they drove you out, for persecution  [of Muslims] is worse than slaughter [of non-believers]...and fight them until persecution is no more, and religion is for Allah."
CHINA admits 'secret' aircraft carrier is nearly ready for launch...

http://www.guardian.co.uk/world/2011/jun/08/china-aircraft-carrier-near-launch

WHAT 'DEMOCRACY' LOOKS LIKE:
--AMERICA INTENSIFIES COVERT AIRSTRIKES IN YEMEN

http://www.nytimes.com/2011/06/09/world/middleeast/09intel.html?_r=1&hp
--"Arab revolutions and the World Economy: consequences with unknown prospects"
http://en.rian.ru/valdai_op/20110606/164470638.html
("If pursued with vigor and steadfastness, such initiatives will transform Russia’s role in the emerging Arab world from a supplier of arms to corrupt dictatorships, to a provider of civilian products and services to free and enlightened peoples. This is the deal of the future, and if Russia succeeds in building civilian industries in Libya, Tunisia, Egypt, Syria, and Algeria, it stands a far better chance of winning influence in the Gulf countries, too.")
--
"A universal peace, it is to be feared, is in the catalogue of events, which will never exist but in the imaginations of visionary philosophers, or in the breasts of benevolent enthusiasts." ~~ James Madison, essay in the National Gazette, 1792

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