Tuesday, September 8, 2009

Joyce Riley's THE POWER HOUR NEWS - September 8, 2009


Evicted from Your Brand New Clunker -- Roger Wiegand of Trader Tracks Newsletter finally says what I always figured: “Cash for Clunkers was a real clunker. One out of four auto buyers using this program is having buyer’s remorse as they just signed-up for so many new payments they cannot afford.” Thanks, Roger! I always had a hard time believing in the unbelievable “Cash for Clunkers” program, where the government astonishingly gives up to $4,500 to people who buy a new car!

New frugality is the new normal, by necessity -- Not unlike the Roaring '20s, which preceded the Great Depression three generations ago, people believed the good times would never end. Per capita personal spending ballooned 25 percent from 2003 to 2005, according to data from Euromonitor International. When the party ended, the nation was left with more than just a hangover. Personal debt had doubled in a decade. As of July, it stood at $13.8 trillion, or about $124,000 per household. Despite months of frugality, that was only slightly below its 2008 peak.

Bloomberg: UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’ -- The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said. UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said today in a report.

What Would the United States Look Like Without the FDIC? -- Unfortunately, the Fed’s lending powers didn’t meet the expectations of politicians and banks continued to fail. Between 1921 and 1929, there were 600 bank failures each year! During the 1930’s, people grew weary of the banking system. Consumers lost trust in the system and began to withdraw money. Banks restricted credit and liquidated their assets, leading to over 9,000 bank failures between 1930 and 1934 alone. Politicians reacted by proposing a system of deposit insurance that was backed by a Federal Agency, despite failures from similar state-level organizations, which had all gone broke by 1930.

This Recovery is an Imposter -- Without jobs, the recovery is an impostor…a phony…a fraud. Without jobs, people have no extra spending power. So they can’t buy – except by going deeper into debt. They were willing to go further into debt in ’03-’07. But not this time. They’ve reached their limit on debt. Besides, with house prices falling, who would lend to them? No new jobs = no new income. No new income = no new sales. No new sales = no new profits = no new jobs. (Thanks Jimm)

China issues world's 1st warrant for H1N1 flu vaccination -- The first people to receive the vaccinations will be those attending celebrations for the 60th anniversary of the founding of the People's Republic of China, Chen said. The celebration on October 1 consists of a military parade, a mass pageant and a gala. The pageant alone will involve about 200,000 citizens.
Related Article: Will China's flu vaccine work? -- Two American academics cast doubts on the Chinese vaccine recently approved for protecting patients from swine flu.

US bracing for 1.8 million flu hospitalizations -- The U.S. is bracing for as many as 1.8 million hospital admissions for flu as students return to school and cases surge to unprecedented levels, Centers for Disease Control and Prevention Director Thomas Frieden said.

Airlines ratchet up prevention for swine flu -- Airlines are stowing pillows and blankets, and rolling out the disinfectant wipes to discourage transmission of the swine flu virus, all the while stressing planes are as "safe" as trains or schools.

The swine flu vaccine: will it be voluntary or mandatory? -- If you live in the UK or US and have been relying on the mainstream media for information about the swine flu vaccine you may be surprised to learn that there is a question about whether it will, in fact, be a matter of choice. Read More...

Refuse & resist mandatory flu vaccinations -- Sign the petition.

United Nations calls for one world currency -- The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the world’s standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial. regulatory organization

Video: Invasive technology to ruin your life

Shocking documentary on The Carlyle Group -- Shocking documentary uncovers the subversion of Americas democracy. I defy you to watch this 48 minute documentary and not be outraged about the depth of corruption and deceit within the highest ranks of our government.

Confronting Russia? US Marines in the Caucasus -- From September 14-18 U.S. Marines will "examine the training of the Azerbaijan Marine Corps" and "according to the bilateral military cooperation program signed between Azerbaijan and the United States, U.S. navy experts will assess the skills of the Azerbaijani naval special forces...." Read More...

Who's in charge of government? -- Students of history know and understand when a country’s leadership does not lead uncertain things can and do happen. I believe we are at one of those points in history in this nation and I fear for what might and could happen if ordinary people who have the power to correct and improve the situation do not stand up and be heard.

What Would the United States Look Like Without the Federal Reserve? -- If it were 1934, a call to end the Federal Reserve would not have been considered anywhere close to crazy. 75 years and several crisis’s later, we’ve all but forgotten what the world would look like without the Federal Reserve system, but that doesn’t mean the idea is any less valid than it was during the Great Depression.

Medicare In Mexico -- The U.S. government should pick up the cost of health care for the elderly Americans living in Mexico. That's the gist of a new lobbying effort aimed at pushing Washington into covering foreign medical expenses for the first time via its sprawling Medicare programs. There are over 1 million U.S. citizens living south of the border, many of them retirees. The government's current position is that retired citizens cannot claim benefits for medical treatments received overseas, even if they paid into the Medicare system during their working lives.

New Scientist: Egyptian temples followed heavenly plans -- ANCIENT Egyptian temples were aligned so precisely with astronomical events that people could set their political, economic and religious calendars by them. So finds a study of 650 temples, some dating back to 3000 BC.

Cities, traffic camera companies cause vast human -- Cities in Ohio fight against the public right to vote on photo enforcement while camera company funds anti-ballot measure group in Texas.

The war on drugs is immoral idiocy -- While Latin American countries decriminalise narcotics, Britain persists in prohibition that causes vast human suffering.

The truth about Fallujah's deformed babies -- A doctor in Iraq has told Sky News that more and more children are being born with deformities in Fallujah, a city heavily bombed by the US in 2004.

FierceVaccines - Vaccine News, Vaccine Industry, Vaccine Market -- FierceVaccines is a weekly update on the vaccine industry, with a special focus on the innovations revolutionizing the development and production of vaccines.

Martial law alert over swine flu -- The Bush EOs, HSPD-21, and Pentagon plan suggest a hidden agenda behind today's Swine Flu crisis as a way to institute martial law on the pretext of a public health emergency, using hyped fear to win popular acquiescence.

US races to get millions of swine flu doses ready -- In a contest that pits human against virus, the U.S. government is evaluating the safety and effectiveness of swine flu vaccine in hopes of having millions of doses ready for use before the next wave of the pandemic H1N1 sweeps across the nation.

How Manuka honey helps fight infection -- Manuka honey may kill bacteria by destroying key bacterial proteins. Dr Rowena Jenkins and colleagues from the University of Wales Institute - Cardiff investigated the mechanisms of manuka honey action and found that its anti-bacterial properties were not due solely to the sugars present in the honey. The work was presented this week (7-10 September), at the Society for General Microbiology's meeting at Heriot-Watt University, Edinburgh.

Secret US spontaneous human combustion beam tested (eww,eww,eww!!) -- American death-tech goliath Boeing has announced a long-delayed in-flight firing for the smaller of its two aeroplane raygun-cannon prototypes, the Advanced Tactical Laser (ATL). The ATL blaster, mounted in a Hercules transport aircraft, apparently "defeated" an unoccupied stationary vehicle.

Curbing social dissent-non lethal weapons for Homeland security? -- When the U.S. military planned to deploy Raytheon's Active Denial System (ADS) in Iraq, it set off a political firestorm. How couldn't it? Known for its "goodbye effect," the so-called "pain ray" is a "non-lethal" directed energy weapon that repels "rioters" and other disreputable citizens by heating the outer surface of the skin to 130 degrees F. in short, directed bursts. With a range of some 550 yards, the microwave beam can penetrate clothing and its effects have been described by test subjects as nothing less than "excruciating."

Using waste to recover waste uranium -- Using bacteria and inositol phosphate, a chemical analogue of a cheap waste material from plants, researchers at Birmingham University have recovered uranium from the polluted waters from uranium mines. The same technology can also be used to clean up nuclear waste. Professor Lynne Macaskie, this week (7-10 September), presented the group's work to the Society for General Microbiology's meeting at Heriot-Watt University, Edinburgh.

Man who told the world that 'ghost ship' Arctic Sea was missing flees Russia in fear of Moscow's revenge -- The man who alerted told the world that cargo ship the Arctic Sea was missing has fled Russia fearing Moscow's revenge. Russian piracy expert Mikhail Voitenko made it clear he believed the Russian state was involved in the bizarre disappearance of the ship last month.