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Friday, June 10, 2011

Daily News Links -- June 10, 2011

Daily News Links -- June 10, 2011:
http://ebnewslinks.blogspot.com


***Delta Airlines changes its company policy after overwhelming public outcry over soldiers' luggage fees***

http://denver.cbslocal.com/2011/06/08/delta-changes-policy-after-outcry-over-soldier-luggage-fees/
(...'What was in that fourth bag for you?'  'For me, it was a weapons case holding my M-4, M-203 grenade launcher, and nine-millimeter...tools I used to protect myself and Afghan citizens while I was deployed")


The Federal Reserve, Quantitative Easing, Inflation, Free-Market Principles, Gold / Silver, Food Supply
***Hope for the best, but prepare for a repeat of 2008***
WALL STREET & BANK LAYOFFS
--The closing bell tolls for thousands of jobs
http://www.nypost.com/p/news/business/slasher_street_3N2eDrojp9DGzQcAlzGPhN#ixzz1OkVAkcTZ
(..."bankers and traders are bracing for what could be a fresh round of job cuts on the Street, concentrated in equities trading and investment banking, where firms are considering eliminating thousands of jobs in the coming weeks...")
--The full story on layoff plans at Goldman, JPMorgan Chase, Bank Of America, Morgan Stanley...
http://www.businessinsider.com/total-jobs-cuts-could-run-into-the-thousands-with-goldman-jp-morgan-bofa-and-more-looking-at-layoffs-2011-6#ixzz1OkSgwxVB
(..."Barclays Capital, Goldman Sachs, Bank of America, JPMorgan Chase, and Morgan Stanley currently are among those financial institutions either weighing staff cuts or actually paring payroll"...)
--INVESTOR JIM ROGERS:  The approaching crisis will be "worse" than 2008... (says the Chinese yuan will be safer than dollar...)
http://www.theblaze.com/stories/legendary-investor-approaching-crisis-worse-than-08-yuan-will-be-safer-than-dollar/
IMPENDING DEPRESSION / DOUBLE-DIP RECESSION
--Federal Reserve survey finds economy faltering in several regions
http://finance.yahoo.com/news/Fed-survey-Economy-falters-in-apf-1245068985.html?x=0&sec=topStories&pos=main&asset=&ccode=
("Hiring has slowed, orders to factories have declined and home prices have fallen.")
--Ex-CBO directors:  Crisis may come *before* lawmakers agree to debt ceiling hike...
http://online.wsj.com/article/BT-CO-20110608-705407.html
--PIMCO's BILL GROSS:  Treasury investors will "get cooked"...
http://money.cnn.com/2011/06/08/markets/bill_gross_pimco_morningstar/index.htm
--"Deflationary Depression In America: The Double-Dip Economic Recession"
http://marketoracle.co.uk/article28557.html
VERY POOR HOUSING DATA
--S&P/CASE-SHILLER'S ROBERT SHILLER:  I see another 25% drop in home prices...
http://www.businessinsider.com/robert-shiller-fall-in-home-prices-wouldnt-surprise-me-at-all-2011-6
--Americans' equity in their homes near a record low (worst since WWII)
http://finance.yahoo.com/news/Americans-equity-in-their-apf-1323326190.html?x=0
("Net worth grew 1.6% in Q12011, but home equity is near record low")
--The continuing devastation of the sub-prime mortgage crisis
http://www.theunion.com/article/20110608/NEWS/110609793/1024
--Foreclosure woes:  For one homeowner, following bank's advice was bad news
http://www.newsherald.com/news/panama-94191-city-woes.html
MORE PROOF THE PROGRESSIVE BUSH/OBAMA TARP BAILOUT FAILED
--Fannie, Freddie bailout costs more than double as taxpayers pick up the bill...
http://www.fiscalaccountability.org/index.php?content=06072011fm#
("The 2008 bailout cost taxpayers $317 billion and the continued operation of Fannie and Freddie is only compounding this cost by adding another $4 billion to that tally every year.  Should the housing market decline below the CBO’s rather optimistic baseline, the true cost will continue to increase.")
--Op-Ed:  "'FannieGate' Is Really Bad News For Democrats"
http://blogs.the-american-interest.com/wrm/2011/06/07/fanniegate-gamechanger-for-the-gop/#ixzz1OoYuDHxe
("Regulators were captured by the interests they were supposed to regulate; favors were dispensed with a lavish hand; taxpayer-provided money was used to assemble a vast lobby focused on extracting more money from hapless taxpayers to make James Johnson even richer. In the process, millions of financially unsophisticated low income people were stuck with obscenely unfair mortgages, honest whistle blowers were subjected to savage personal attacks, home prices lost all touch with reality, taxpayers were stuck with losses that may approach one trillion dollars, and financial markets were poisoned almost beyond repair.")
UNEMPLOYMENT RISING & LOOMING FOOD SHORTAGE
--High unemployment claims, food prices slow economy
http://finance.yahoo.com/news/High-unemployment-claims-food-apf-3752028709.html?x=0
("There is a significant slowdown going on")
--500,000 acres of Midwestern farmland in flood path...
http://www.agweb.com/article/500000_acres_of_farmland_in_flood_path/
("Abnormal late spring rains are now expected to occur during the next eight days over the Corn Belt"...)
--California:  "Snow, rain, and regulatory drought"
http://www.signonsandiego.com/news/2011/jun/09/snow-rain-and-regulatory-drought/

Big Government, Progressives / Radicals, Redistribution Of Wealth, Economic Justice, Environmental Justice, Social Justice, Collective Salvation, Liberation Theology
NON-SENSE:  Homeland Security's Napolitano says "we won't do what is called a secondary inspection just because they are a 35-year-old male who appears to be Muslim"...
http://www.realclearpolitics.com/video/2011/06/09/napolitano_no_logic_in_profiling_muslim_men_under_the_age_of_35.html
The content of his character...
--Obama backhands the U.K once again, sides with Venezuela, Argentina...
http://blogs.telegraph.co.uk/news/nilegardiner/100091346/another-slap-in-the-face-for-britain-the-obama-administration-sides-with-argentina-and-venezuela-in-oas-declaration-on-the-falklands/
--Obama and a White House invite for dictator Ali Bongo who has stolen billions from his impoverished African nation...
http://www.dailymail.co.uk/news/article-2001593/Barack-Obama-invites-Gabon-dictator-Ali-Bongo-White-House.html#ixzz1OnqlkBhG
("A Congressional report he wrote last year showed that 'the Bongos misused U.S. financial institutions to carry out suspicious transactions involving millions of dollars.'")
New EPA regs force five power plants to close...
http://thehill.com/blogs/e2-wire/677-e2-wire/165651-aep-epa-regs-will-cost-billions-and-result-in-five-closed-plants
("The company's dramatic plan to comply with the regulations could give Republicans and moderate Democrats ammunition in their ongoing fight against EPA's efforts to impose new regulations aimed at limiting greenhouse gas emissions and air pollutants including mercury and arsenic.")
"Keep Jesus Out of Your Socialism"
http://www.michaelyoussef.com/michaels-blogs/keep-jesus-out-of-your-socialism.html
("'What Would Jesus Cut' ad was signed by Sojourners president Jim Wallis and more than two dozen Religious Left pastors, theologians, and activists"...)
Let's be honest, Planned Parenthood...
http://www.news-sentinel.com/apps/pbcs.dll/article?AID=/20110609/NEWS/106090351
--Texas: State House strips funds from public hospitals performing elective abortions...
http://www.dallasnews.com/news/politics/texas-legislature/headlines/20110608-texas-house-votes-to-strip-funds-from-public-hospitals-that-perform-elective-abortions.ece
California:  State's new 'green' plan channels Cambodian communist dictator Pol Pot
http://www.calwatchdog.com/2011/06/08/ca-enviro-plan-channels-pol-pot/
Illinois:   Chicago Mercantile Group follows Caterpillar's lead, mulls leaving state due to increased corp. tax rate...
http://www.foxbusiness.com/industries/2011/06/09/cme-threatens-to-skip-town-over-illinois-tax-hike/#ixzz1Onrc78Ic
("The comments come just months after Illinois raised its corporate tax rate to 7% from 4.8% in an effort to get its soaring budget deficits under control.")
Tennessee:  New state law bans posting images that "cause emotional distress"...
http://arstechnica.com/tech-policy/news/2011/06/tenn-law-bans-posting-images-that-cause-emotional-distress.ars
NYC & D.C.:  Voice Of Russia Radio launches new U.S. stations to deliver "Russian news and perspective to Americans"...
http://www.prnewswire.com/news-releases/voice-of-russia-radio-launches-new-us-stations-delivering-russian-news--perspective-to-americans-123539349.html
--FLASHBACK TO JUST YESTERDAY:  FCC chairman agrees to strike "Fairness Doctrine" from rule books...
http://thehill.com/blogs/hillicon-valley/technology/165369-fcc-chairman-agrees-to-strike-fairness-doctrine-from-rule-books
--INTERESTING VIEW:  Is China trying to bankrupt the U.S. through a new arms race? (Doing to America what America did to Russia...)
http://the-diplomat.com/2011/06/09/is-china-trying-to-bankrupt-us/

Illegal Aliens, Open Borders, Terrorism, Jihad, "Misunderstanders Of Islam", Anti-Israel / Pro-Palestine
Texas:  U.S. Border Patrol & Texas Rangers Recon on patrol take gunfire [again] from Mexican drug-smugglers
http://news.yahoo.com/s/ap/20110609/ap_on_re_us/us_border_shootout_2
Texas:  Mexicans on BOTH sides of the border blast execution of criminal illegal alien murderer
http://www.borderfirereport.net/jim-kouri/mexicans-blast-execution-of-criminal-alien-murderer-in-texas.php
--Alabama:  Governor signs nation's toughest illegal alien law
http://www.reuters.com/article/2011/06/09/us-immigration-alabama-idUSTRE7584C920110609
Bosnia:  Muslim militant carrying TNT & plastic explosives arrested...
http://www.juliagorin.com/wordpress/?p=2651
("According to reports, Adnan Recica belongs to the Salafi movement"..."Other items confiscated included trigger mechanisms activated by telephone, radios, military equipment, and printed propaganda in Arabic")RAND Corp estimates IRAN just EIGHT WEEKS from building nuclear bomb

http://www.dailymail.co.uk/news/article-1394901/Iran-produce-nuclear-weapon-months-claimed-U-N-atomic-watchdog-reveals-concerns.html
("The slogan 'Death to Israel! Death to America!' has been chanted on a daily basis by mass meetings in Iran.  It is sheer wishful thinking to believe that after 30 years of daily threats they don't really mean it.")
--FLASHBACK TO THREE WEEKS AGO:  IRAN building rocket bases in Venezuela
http://www.jpost.com/International/Article.aspx?id=220879
("German paper says Iranians paid cash to build mid-range missile launch pads on Paraguana Peninsula"..."the clandestine agreement between Venezuela and Iran would mean the Chavez government would fire rocket at Iran's enemies should the Islamic Republic face military strikes.")
Op-Ed:  "Don't blame immigrants for hard times"
http://www.mysanantonio.com/news/article/Don-t-blame-immigrants-for-hard-times-1415736.php#ixzz1OkP0oXV9
("Legal or illegal, it's not the cause of our financial stagnation.")
What 'DEMOCRACY' looks like:
--EGYPT:  GRAPHIC VIDEO -- allegedly shows Coptic Christian girl being sexually assaulted in order to "Islamize her"
http://www.theblaze.com/stories/graphic-vid-allegedly-shows-coptic-christian-girl-being-sexualy-assaulted-in-order-to-islamize-her/
--SAUDI ARABIA:  Government pays each citizen $7,000 TO PREVENT 'democratic' uprising...
http://www.nytimes.com/2011/06/09/world/middleeast/09saudi.html?_r=2&hp
("The kingdom is spending $130 billion to pump up salaries, build housing and finance religious organizations, among other outlays, effectively neutralizing most opposition."..."The king’s reserves, swollen by more than $214 billion in oil revenue last year, have insulated the royal family from widespread demands for change even while some discontent simmers.")
--
"Here is my Creed: I believe in one God, Creator of the Universe. That He governs it by his Providence. That he ought to be worshipped. That the most acceptable Service we can render to him, is doing Good to his other Children. I think the System of Morals [devised by Jesus] and his Religion as he left them to us, the best the World ever saw, or is likely to see." ~~ Benjamin Franklin, letter to Ezra Stiles, March 09, 1790

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