Tuesday, August 9, 2011
August 07, 08, & 09, 2011
August 07, 08, & 09, 2011
August 09, 1945: America detonates a second atomic bomb over the city of Nagasaki, Japan, leading to the end of WWII
http://hosted.ap.org/dynamic/stories/A/AS_JAPAN_NAGASAKI?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-08-22-36-43
The Federal Reserve, Debt Ceiling, Quantitative Easing, Inflation, Free-Market Principles, Gold/Silver, Food Supply
S&P:
--...downgrades Fannie and Freddie
http://hosted.ap.org/dynamic/stories/U/US_DEBT_RATING_SP?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-08-10-36-17
----...meanwhile Freddie Mac reports 2Q loss, asks taxpayers for additional $1.5 billion
http://www.breitbart.com/article.php?id=D9P054Q81&show_article=1
--Berkshire Hathaway, other insurers get 'negative' tag
http://www.marketwatch.com/story/sp-cuts-ratings-of-5-insurers-2011-08-08
--Q.: What's the REAL national debt? A.: $211 TRILLION
http://www.christianpost.com/news/whats-the-real-national-debt-211000000000000-53525/
Leftists react:
--Warren Buffett: S&P downgrade 'doesn't make sense'
http://www.foxbusiness.com/markets/2011/08/05/buffett-to-fbn-sp-downgrade-doesnt-make-sense/
--Christina Romer (former Obama Econ. Adviser): We're 'pretty darn f--ked' (VIDEO)
http://newsbusters.org/blogs/noel-sheppard/2011/08/06/former-obama-economic-adviser-downgrade-were-pretty-darn-f-ked
--David Axelrod & Sen. John Kerry both use phrase "tea party downgrade"
http://www.washingtontimes.com/news/2011/aug/7/democrats-seek-to-pin-credit-downgrade-on-tea-part/
--DNC chair blames Tea Party 'tyrants' for downgrade
http://thehill.com/blogs/blog-briefing-room/news/175905-dnc-chair-blames-tea-party-tyrants-for-credit-downgrade
--AFL-CIO's Trumka believs tea party wants U.S.' destruction (VIDEO)
http://www.theblaze.com/stories/obamas-union-buddy-trumka-says-tea-party-is-actually-trying-to-destroy-americas-government-and-that-is-super-hard-for-the-president-to-deal-with/
Tea party reacts:
--Tea Party Patriots' response
http://thehill.com/blogs/ballot-box/presidential-races/175897-tea-party-patriots-hit-back-on-sap-downgrade
--Rep. Allen West's response (VIDEO)
http://foxnewsinsider.com/2011/08/08/allen-west-reacts-to-democrats-blaming-tea-party-for-u-s-credit-downgrade/
--Sen. Rand Paul says blaming tea party like "blaming the fireman for fires"
http://paul.senate.gov/?p=press_release&id=287
--Rick Santelli says if it WASN'T for tea party we'd be rated BBB (VIDEO)
http://www.therightscoop.com/santelli-if-it-wasnt-for-the-tea-party-wed-be-rated-bbb/
Now MOODY'S warns U.S. to find more deficit cuts (calling for same cuts as tea party)
http://www.reuters.com/article/2011/08/08/us-usa-ratings-moodys-idUSTRE77713K20110808
NY Times: Second recession in U.S. could be worse than first
http://finance.yahoo.com/news/Second-Recession-in-US-Could-nytimes-2428475539.html
--Nouriel Roubini: Soft patch delusion has been dashed
http://www.cnbc.com/id/44055868
China demands U.S. 'live within its means'
http://www.latimes.com/business/la-fiw-china-response-20110807,0,3901161.story
--...says U.S. debt problem remains unsettled
http://news.xinhuanet.com/english2010/indepth/2011-08/06/c_131033374.htm
----Alan Greenspan: U.S. "can pay any debt it has because we can always print money"
http://www.cnbc.com/id/44051683
U.K. took austerity measures, retains its AAA status, feels 'vindicated' by S&P U.S. debt decision...
http://www.bbc.co.uk/news/uk-politics-14430065
--Former George Soros partner Jim Rogers: Britain, other eurozone countries face ratings cut
http://in.reuters.com/article/2011/08/08/idINIndia-58674320110808
----"Who made a billion dollars on 10/1 bet that U.S. credit rating would be downgraded?"
http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html
--Builder of the Euro currency, Jean-Claude Trichet, ends his career on a bitter note...
http://www.nytimes.com/2011/08/06/business/global/jean-claude-trichet-builder-of-the-euro-ends-his-career-on-a-bitter-note.html?_r=1&ref=world
--Cyprus: New cabinet to combat debt crisis
http://www.presseurop.eu/en/content/news-brief-cover/837211-new-cabinet-combat-crisis
G7 major powers to confer on markets crisis
http://www.reuters.com/article/2011/08/06/us-crisis-g-idUSTRE7751CG20110806
--European Central Bank says will "actively implement" bond-buying (a.k.a. "quantitative easing" of the Euro), may reach $1.2 TRILLION
http://www.reuters.com/article/2011/08/07/us-crisis-ecb-idUSTRE7762PE20110807
--"Some European countries are fundamentally bankrupt"
http://www.spiegel.de/international/world/0,1518,778875,00.html
Gold soars as markets shrug off G7, ECB pledges
http://www.reuters.com/article/2011/08/08/idUSL6E7J80GU20110808
--"Don't Miss Out on One of the Best Investments of a Lifetime Due to Banker Propaganda"
http://www.zerohedge.com/contributed/don’t-miss-out-one-best-investments-lifetime-due-banker-propaganda
AIG sues Bank of America for $10B over mortgages
http://news.yahoo.com/aig-sues-bofa-10-billion-over-massive-fraud-131145124.html
Global banks poised to cut 101,000 jobs
http://www.bloomberg.com/news/2011-08-08/global-banks-poised-to-slash-101-000-jobs-in-fastest-reductions-since-2008.html
--Morgan Stanley to lay off 20% of research managing directors by year end
http://www.businessinsider.com/morgan-stanley-to-fire-20-of-managing-directors-in-research-by-year-end-2011-8
----OpEd: "End of the road for hedge funds"
http://www.atimes.com/atimes/Global_Economy/MH09Dj02.html
Monterey Oil Shale seen as next wave of U.S. E&P efforts
http://rigzone.com/news/article.asp?a_id=109845
--Another deep-water drilling rig to leave the Gulf of Mexico...
http://fuelfix.com/blog/2011/08/08/another-deep-water-drilling-rig-to-leave-the-gulf-of-mexico/
Big Government, Socialism/Nazism/Progressivism/Globalism, Redistribution of Wealth, Economic/Environmental/Social Justice, Collective Salvation, Liberation Theology
WH Jay Carney: It's "unfortunate" that "we don't control all levers of government" (VIDEO)
http://realclearpolitics.com/video/2011/08/08/carney_unfortunate_that_we_dont_control_all_levers_of_government.html
-- **Poll: Just 17% believe U.S. government has consent of the governed; sentiment feels "pre-revolutionary"
http://www.infowars.com/pollster-americans-are-pre-revolutionary/
Obama exempting schools from 'No Child Left Behind' testing mandate...
http://www.cnsnews.com/news/article/duncan-states-will-get-school-testing-wa
--...uses Executive Order to bypass Congress, issue waivers for it
http://thehill.com/homenews/administration/175887-white-house-to-issue-waivers-for-no-child-left-behind
FCC Commissioner warns of back door to Fairness Doctrine (VIDEO)
http://politics.blogs.foxnews.com/2011/08/08/fcc-commissioner-warns-back-door-fairness-doctrine
Racism: Black-on-white crimes increase
http://blogs.the-american-interest.com/wrm/2011/08/07/american-tinderbox/
--Lack of jobs for blacks creates tension between black lawmakers and Obama
http://www.washingtonpost.com/business/economy/lack-of-jobs-for-blacks-creates-tension-between-black-lawmakers-and-obama/2011/08/05/gIQAJL520I_story.html
--Jesse Jackson on Obama: 'Some layer of the excitement is gone'
http://www.spiegel.de/international/world/0,1518,778990,00.html
Michigan: 30,000 college students kicked out of food aid program
http://detnews.com/article/20110808/POLITICS02/108080356/30-000-college-students-kicked-out-of-food-aid-program-in-Michigan
Georgia: Low-income families get access to cheaper Internet(9.95/mo and a $149 computer)
http://www.ajc.com/news/georgia-politics-elections/low-income-families-get-1085935.html
--OpEd: "Anticipating the Coming Convulsions as the Welfare State Dies"
http://biggovernment.com/kschlichter/2011/08/08/anticipating-the-coming-convulsions-as-the-welfare-state-dies/
ICE to shutter Chicago Climate Futures Exchange
http://www.chicagotribune.com/business/breaking/chi-ice-to-shutter-chicago-climate-exchange-20110808,0,7784695.story
Illegal Aliens/Open Borders, National Security, Terrorism/"Man-Caused Disasters", Jihad/"Misunderstanders Of Islam", Caliphate/Khalifa/Shariah, Pro-Palestine/Anti-Israel
U.S. Customs: 500,000 troops needed to seal border
http://www.newsmax.com/US/Troops-Needed-to-Seal-Border/2011/08/07/id/406425
--California: Mexican smugglers nearly interrupt surf contest
http://www.foxnews.com/sports/2011/08/08/mexican-smugglers-nearly-interrupt-california-surf-contest/?test=latestnews
--Texas: Mexican military helicopter lands in Laredo 'by mistake'
http://www.chron.com/disp/story.mpl/metropolitan/7686830.html
Anti-terror plan allies White House with Muslim groups (Muslim Public Affairs Council and CAIR)
http://dailycaller.com/2011/08/04/anti-terror-plan-allies-white-house-with-muslim-groups/
China willing to facilitate military cooperation with Russia
http://english.cpc.people.com.cn/66102/7562727.html
Civil Unrest:
--U.K.: New unrest in north London a night after rioting
http://apnews.myway.com/article/20110807/D9OVGAN00.html
----Real-time map of verified fires/riots:
http://maps.google.co.uk/maps/ms?msid=207192798388318292131.0004aa01af6748773e8f7&msa=0&ie=UTF8&ll=51.536086,-0.056305&spn=0.39294,0.630341&z=10&source=embed
----Live video of mayhem
http://www.bbc.co.uk/news/uk-14449675
--Israel: Hundreds of pensioners protest in Tel Aviv, social protest grows
http://www.haaretz.com/news/national/knesset-to-hold-emergency-session-as-israel-s-social-protest-grows-1.377594
This Is What 'Democracy' Looks Like:
--Iran: U.S. 'will be taught the mother of all lessons' via cyber attack on electrical grid
http://www.wnd.com/index.php?fa=PAGE.view&pageId=329977
--Egypt: Muslim Brotherhood wants 'sharia' beheadings, hand amputations for Mubarak family...
http://www.theblaze.com/stories/muslim-brotherhood-wants-sharia-beheadings-hand-amputations-for-mubarak-family/
----"The Muslim Brotherhood-Salafi Alliance: Will Egypt Become an Islamic Republic?"
http://www.hudson-ny.org/2330/egypt-islamic-republic
--
"An honest man can feel no pleasure in the exercise of power over his fellow citizens....There has never been a moment of my life in which I should have relinquished for it the enjoyments of my family, my farm, my friends & books." ~~ Thomas Jefferson, letter to John Melish, 1813
August 09, 1945: America detonates a second atomic bomb over the city of Nagasaki, Japan, leading to the end of WWII
http://hosted.ap.org/dynamic/stories/A/AS_JAPAN_NAGASAKI?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-08-22-36-43
The Federal Reserve, Debt Ceiling, Quantitative Easing, Inflation, Free-Market Principles, Gold/Silver, Food Supply
S&P:
--...downgrades Fannie and Freddie
http://hosted.ap.org/dynamic/stories/U/US_DEBT_RATING_SP?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-08-10-36-17
----...meanwhile Freddie Mac reports 2Q loss, asks taxpayers for additional $1.5 billion
http://www.breitbart.com/article.php?id=D9P054Q81&show_article=1
--Berkshire Hathaway, other insurers get 'negative' tag
http://www.marketwatch.com/story/sp-cuts-ratings-of-5-insurers-2011-08-08
--Q.: What's the REAL national debt? A.: $211 TRILLION
http://www.christianpost.com/news/whats-the-real-national-debt-211000000000000-53525/
Leftists react:
--Warren Buffett: S&P downgrade 'doesn't make sense'
http://www.foxbusiness.com/markets/2011/08/05/buffett-to-fbn-sp-downgrade-doesnt-make-sense/
--Christina Romer (former Obama Econ. Adviser): We're 'pretty darn f--ked' (VIDEO)
http://newsbusters.org/blogs/noel-sheppard/2011/08/06/former-obama-economic-adviser-downgrade-were-pretty-darn-f-ked
--David Axelrod & Sen. John Kerry both use phrase "tea party downgrade"
http://www.washingtontimes.com/news/2011/aug/7/democrats-seek-to-pin-credit-downgrade-on-tea-part/
--DNC chair blames Tea Party 'tyrants' for downgrade
http://thehill.com/blogs/blog-briefing-room/news/175905-dnc-chair-blames-tea-party-tyrants-for-credit-downgrade
--AFL-CIO's Trumka believs tea party wants U.S.' destruction (VIDEO)
http://www.theblaze.com/stories/obamas-union-buddy-trumka-says-tea-party-is-actually-trying-to-destroy-americas-government-and-that-is-super-hard-for-the-president-to-deal-with/
Tea party reacts:
--Tea Party Patriots' response
http://thehill.com/blogs/ballot-box/presidential-races/175897-tea-party-patriots-hit-back-on-sap-downgrade
--Rep. Allen West's response (VIDEO)
http://foxnewsinsider.com/2011/08/08/allen-west-reacts-to-democrats-blaming-tea-party-for-u-s-credit-downgrade/
--Sen. Rand Paul says blaming tea party like "blaming the fireman for fires"
http://paul.senate.gov/?p=press_release&id=287
--Rick Santelli says if it WASN'T for tea party we'd be rated BBB (VIDEO)
http://www.therightscoop.com/santelli-if-it-wasnt-for-the-tea-party-wed-be-rated-bbb/
Now MOODY'S warns U.S. to find more deficit cuts (calling for same cuts as tea party)
http://www.reuters.com/article/2011/08/08/us-usa-ratings-moodys-idUSTRE77713K20110808
NY Times: Second recession in U.S. could be worse than first
http://finance.yahoo.com/news/Second-Recession-in-US-Could-nytimes-2428475539.html
--Nouriel Roubini: Soft patch delusion has been dashed
http://www.cnbc.com/id/44055868
China demands U.S. 'live within its means'
http://www.latimes.com/business/la-fiw-china-response-20110807,0,3901161.story
--...says U.S. debt problem remains unsettled
http://news.xinhuanet.com/english2010/indepth/2011-08/06/c_131033374.htm
----Alan Greenspan: U.S. "can pay any debt it has because we can always print money"
http://www.cnbc.com/id/44051683
U.K. took austerity measures, retains its AAA status, feels 'vindicated' by S&P U.S. debt decision...
http://www.bbc.co.uk/news/uk-politics-14430065
--Former George Soros partner Jim Rogers: Britain, other eurozone countries face ratings cut
http://in.reuters.com/article/2011/08/08/idINIndia-58674320110808
----"Who made a billion dollars on 10/1 bet that U.S. credit rating would be downgraded?"
http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html
--Builder of the Euro currency, Jean-Claude Trichet, ends his career on a bitter note...
http://www.nytimes.com/2011/08/06/business/global/jean-claude-trichet-builder-of-the-euro-ends-his-career-on-a-bitter-note.html?_r=1&ref=world
--Cyprus: New cabinet to combat debt crisis
http://www.presseurop.eu/en/content/news-brief-cover/837211-new-cabinet-combat-crisis
G7 major powers to confer on markets crisis
http://www.reuters.com/article/2011/08/06/us-crisis-g-idUSTRE7751CG20110806
--European Central Bank says will "actively implement" bond-buying (a.k.a. "quantitative easing" of the Euro), may reach $1.2 TRILLION
http://www.reuters.com/article/2011/08/07/us-crisis-ecb-idUSTRE7762PE20110807
--"Some European countries are fundamentally bankrupt"
http://www.spiegel.de/international/world/0,1518,778875,00.html
Gold soars as markets shrug off G7, ECB pledges
http://www.reuters.com/article/2011/08/08/idUSL6E7J80GU20110808
--"Don't Miss Out on One of the Best Investments of a Lifetime Due to Banker Propaganda"
http://www.zerohedge.com/contributed/don’t-miss-out-one-best-investments-lifetime-due-banker-propaganda
AIG sues Bank of America for $10B over mortgages
http://news.yahoo.com/aig-sues-bofa-10-billion-over-massive-fraud-131145124.html
Global banks poised to cut 101,000 jobs
http://www.bloomberg.com/news/2011-08-08/global-banks-poised-to-slash-101-000-jobs-in-fastest-reductions-since-2008.html
--Morgan Stanley to lay off 20% of research managing directors by year end
http://www.businessinsider.com/morgan-stanley-to-fire-20-of-managing-directors-in-research-by-year-end-2011-8
----OpEd: "End of the road for hedge funds"
http://www.atimes.com/atimes/Global_Economy/MH09Dj02.html
Monterey Oil Shale seen as next wave of U.S. E&P efforts
http://rigzone.com/news/article.asp?a_id=109845
--Another deep-water drilling rig to leave the Gulf of Mexico...
http://fuelfix.com/blog/2011/08/08/another-deep-water-drilling-rig-to-leave-the-gulf-of-mexico/
Big Government, Socialism/Nazism/Progressivism/Globalism, Redistribution of Wealth, Economic/Environmental/Social Justice, Collective Salvation, Liberation Theology
WH Jay Carney: It's "unfortunate" that "we don't control all levers of government" (VIDEO)
http://realclearpolitics.com/video/2011/08/08/carney_unfortunate_that_we_dont_control_all_levers_of_government.html
-- **Poll: Just 17% believe U.S. government has consent of the governed; sentiment feels "pre-revolutionary"
http://www.infowars.com/pollster-americans-are-pre-revolutionary/
Obama exempting schools from 'No Child Left Behind' testing mandate...
http://www.cnsnews.com/news/article/duncan-states-will-get-school-testing-wa
--...uses Executive Order to bypass Congress, issue waivers for it
http://thehill.com/homenews/administration/175887-white-house-to-issue-waivers-for-no-child-left-behind
FCC Commissioner warns of back door to Fairness Doctrine (VIDEO)
http://politics.blogs.foxnews.com/2011/08/08/fcc-commissioner-warns-back-door-fairness-doctrine
Racism: Black-on-white crimes increase
http://blogs.the-american-interest.com/wrm/2011/08/07/american-tinderbox/
--Lack of jobs for blacks creates tension between black lawmakers and Obama
http://www.washingtonpost.com/business/economy/lack-of-jobs-for-blacks-creates-tension-between-black-lawmakers-and-obama/2011/08/05/gIQAJL520I_story.html
--Jesse Jackson on Obama: 'Some layer of the excitement is gone'
http://www.spiegel.de/international/world/0,1518,778990,00.html
Michigan: 30,000 college students kicked out of food aid program
http://detnews.com/article/20110808/POLITICS02/108080356/30-000-college-students-kicked-out-of-food-aid-program-in-Michigan
Georgia: Low-income families get access to cheaper Internet(9.95/mo and a $149 computer)
http://www.ajc.com/news/georgia-politics-elections/low-income-families-get-1085935.html
--OpEd: "Anticipating the Coming Convulsions as the Welfare State Dies"
http://biggovernment.com/kschlichter/2011/08/08/anticipating-the-coming-convulsions-as-the-welfare-state-dies/
ICE to shutter Chicago Climate Futures Exchange
http://www.chicagotribune.com/business/breaking/chi-ice-to-shutter-chicago-climate-exchange-20110808,0,7784695.story
Illegal Aliens/Open Borders, National Security, Terrorism/"Man-Caused Disasters", Jihad/"Misunderstanders Of Islam", Caliphate/Khalifa/Shariah, Pro-Palestine/Anti-Israel
U.S. Customs: 500,000 troops needed to seal border
http://www.newsmax.com/US/Troops-Needed-to-Seal-Border/2011/08/07/id/406425
--California: Mexican smugglers nearly interrupt surf contest
http://www.foxnews.com/sports/2011/08/08/mexican-smugglers-nearly-interrupt-california-surf-contest/?test=latestnews
--Texas: Mexican military helicopter lands in Laredo 'by mistake'
http://www.chron.com/disp/story.mpl/metropolitan/7686830.html
Anti-terror plan allies White House with Muslim groups (Muslim Public Affairs Council and CAIR)
http://dailycaller.com/2011/08/04/anti-terror-plan-allies-white-house-with-muslim-groups/
China willing to facilitate military cooperation with Russia
http://english.cpc.people.com.cn/66102/7562727.html
Civil Unrest:
--U.K.: New unrest in north London a night after rioting
http://apnews.myway.com/article/20110807/D9OVGAN00.html
----Real-time map of verified fires/riots:
http://maps.google.co.uk/maps/ms?msid=207192798388318292131.0004aa01af6748773e8f7&msa=0&ie=UTF8&ll=51.536086,-0.056305&spn=0.39294,0.630341&z=10&source=embed
----Live video of mayhem
http://www.bbc.co.uk/news/uk-14449675
--Israel: Hundreds of pensioners protest in Tel Aviv, social protest grows
http://www.haaretz.com/news/national/knesset-to-hold-emergency-session-as-israel-s-social-protest-grows-1.377594
This Is What 'Democracy' Looks Like:
--Iran: U.S. 'will be taught the mother of all lessons' via cyber attack on electrical grid
http://www.wnd.com/index.php?fa=PAGE.view&pageId=329977
--Egypt: Muslim Brotherhood wants 'sharia' beheadings, hand amputations for Mubarak family...
http://www.theblaze.com/stories/muslim-brotherhood-wants-sharia-beheadings-hand-amputations-for-mubarak-family/
----"The Muslim Brotherhood-Salafi Alliance: Will Egypt Become an Islamic Republic?"
http://www.hudson-ny.org/2330/egypt-islamic-republic
--
"An honest man can feel no pleasure in the exercise of power over his fellow citizens....There has never been a moment of my life in which I should have relinquished for it the enjoyments of my family, my farm, my friends & books." ~~ Thomas Jefferson, letter to John Melish, 1813
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