Tuesday, June 14, 2011

Daily News Links -- June 14, 2011

Daily News Links -- June 14, 2011

***Panetta:  POTUS can unilaterally use military to protect "national interests"*** (VIDEO)
(""I believe very strongly that the president has the constitutional power as commander in chief to take steps that he believes are necessary to protect this country and protect our national interests," said Panetta. "And obviously, I think it's important for presidents to consult, to have the advice of Congress. But in the end, I believe he has the constitutional power to do what he has to do to protect this country."")
--Media blackout:  CIA director accused of links to Communist spy contact -- scandal ignored

The Federal Reserve, Quantitative Easing, Inflation, Free-Market Principles, Gold / Silver, Food Supply
PIMCO's Bill Gross:  U.S. in even worse financial shape than Greece
("Much of the public focus is on the nation's public debt, which is $14.3 trillion. But that doesn't include money guaranteed for Medicare, Medicaid and Social Security, which comes to close to $50 trillion")
--Greece downgraded to lowest grade (CCC) by S&P
--Debt-hit Greece sees "profit" in air pollution  (i.e. "cap-and-tax")
("emission rights fetch up to 17 euros (24 dollars) a tonne in other parts of Europe.")
--What Greece (and America...) can learn from Hungary
("In contrast, Hungary's center-right government rejected the austerity program prescribed by the IMF. Instead, it embarked on a radical plan widely panned in the West. It included the introduction of a flat income tax, tax breaks for small businesses, and surcharges for banks, utilities and telecoms, some of them foreign-owned") 

--Illinois:  State so broke that it considers placing advertisements on license plates
The Fed's QE2 money-printing "stimulus" served as a stealth bank bailout for Europe's banks...
--Nouriel Roubini:  A "perfect storm" may clobber global economy... (VIDEO)
--Jim Rogers:  Dollar is doomed, own real assets... (VIDEO)
Perkins restaurants, Marie Callender restaurants file for Chapter 11 bankruptcy
("filed for bankruptcy Monday with plans to close 65 of its 600 locations and cut 2,500 jobs")
--POTUS jokes at Jobs Council:  "Shovel-ready was not as shovel-ready as we expected"...
--...brags about "better plane" and "bigger entourage" than when he was a candidate
--Top Congressional POTUS ally wants to revive failed Depression-era "Works Progress Administration" (VIDEO)
----HISTORY:  Progressive FDR's failed "Works Progress Administration"
POTUS to announce plans to cut government waste by creating MORE government bureaucracy...
("will call for a new oversight board to work with federal agencies to cut back on waste and improve their performance")
--Despite vows of austerity, Congressional travel on taxpayer dime spikes
--Taxpayers to foot "most" of the bill for Michelle Obama's coming political fundraisers...
--Repealing the Davis–Bacon Act would save taxpayers $10.9 billion
("The Davis–Bacon Act requires the government to pay construction wages an average 22 percent above market rates")
California:  ARCO sells assets due to last year's Gulf oil sanctions

Big Government, Progressives & Radicals, Communism & Socialism, Redistribution Of Wealth, Economic Justice, Environmental Justice, Social Justice, Collective Salvation, Liberation Theology
"Operation Fast & Furious" Congressional hearing begins today (investigating Obama/Justice Dept.'s obstruction of justice & contempt...)
("hearing will examine the constitutional questions raised by both the Department of Justice's refusal to comply with a Congressional subpoena as well as the withholding of documents from a Congressional subpoena.")
FBI expands agents' investigative power...
("giving significant new powers to its roughly 14,000 agents — allowing them more leeway to search databases, go through household trash or use surveillance teams to scrutinize the lives of people who have attracted their attention"..."Under the new rules, agents will be allowed to search such databases without making a record about their decision")
--Texas:  "Landmark" legislation as teachers may get access to students' criminal records...
("We were wondering, how many more students do we have sitting in our classrooms that have been violent or have mental problems we don't know about?")
A Prophet Of Socialism:  Paul Krugman:  "Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes"
Homes completely destroyed by tornados denied FEMA help for "insufficient damage"... (VIDEO)
George-Soros-funded progressive Christian org "American Values Network" attacking budget cuts via Ayn Rand (VIDEOS)
As Republicans move to nix ethanol subsidies, USDA pushes "flex-fuel pumps"...
("Eliminating the ethanol tax earmark and tariff would be a big step toward restoring fiscal sanity in Washington. Ethanol is bad economic policy, bad energy policy and bad environmental policy.")
--Electric cars may not be so green after all...
("An electric car owner would have to drive at least 129,000km before producing a net saving in CO2. Many electric cars will not travel that far in their lifetime because they typically have a range of less than 145km on a single charge and are unsuitable for long trips. Even those driven 160,000km would save only about a tonne of CO2 over their lifetimes.")
--Study finds "global warming" over past 400 years was due to increase in Sun's activity...

Illegal Aliens & Open Borders, Terrorism, Jihad, "Misunderstanders Of Islam", Pro-Palestine / Anti-Israel , Caliphate / Khalifah
California:  New state laws blur the lines between legal and illegal status, create a "sanctuary state"
("Sacramento is sending the wrong message. How you can be opposed to checking fingerprints of people that are jailed, making sure these people are not in this country illegally?  How can anyone be opposed to that?  Justice, law and fairness no longer matter."")
--Texas:  Austin beginning to compete with other Texas cities for wealthy immigrants from Mexico
Islamic schools on the rise in the U.S., students struggle for "acceptance"
("In an Islamic school they have a feeling of pride...minus some of the other things they might encounter")
What 'DEMOCRACY' Looks Like:
Egypt:  Christians despair as Islamists flex muscle
Palestine:  Palestinian Authority Chairman Mahmoud Abbas:  "We refuse to recognize a Jewish State" (VIDEO)
Lebanon:  Lebanese PM:  New government to liberate land under occupation of "Israeli enemy"
Jordan:  King unharmed during attack on his motorcade
China:  Migrant workers attack police in third day of riots
("Angry migrant workers in China have attacked police and burned dozens of cars and buses during three days of rioting near the southern manufacturing hub of Guangzhou, in the latest of a series of recent incidents of social unrest to sweep the country.")
"During the course of administration, and in order to disturb it, the artillery of the press has been levelled against us, charged with whatsoever its licentiousness could devise or dare. These abuses of an institution so important to freedom and science are deeply to be regretted, inasmuch as they tend to lessen its usefulness and to sap its safety." ~~ Thomas Jefferson, Second Inaugural Address, 1805

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