“We will pay for our folly and it will be a penalty few will survive.”
Big Government Socialist Beast and The Plague of Self-Delusion
by Tim Case
LewRockwell.com
“It has been proved, by indisputable evidence, that power is not the grand principle of union among the parts of a very extensive empire; and that when this principle is pushed beyond the degree necessary for rendering justice between man and man, it debases the character of individuals, and renders them less secure in their persons and property…” ~ James Winthrop, Antifederalist No. 11
Dubai Debt Woes Raise Fear of Wider Problem
By LANDON THOMAS Jr.
NYTimes.com
November 27, 2009
Of the many economies that gorged on debt in the boom years, Dubai stood out. In the space of a few years the emirate’s investment arm, Dubai World, racked up $59 billion in debt, borrowing to build lavish developments like a giant island shaped like a palm tree to entice celebrities like Brad Pitt, and to invest in glittery properties like the MGM Grand Casino in Las Vegas.
Is Britain on the brink of financial armageddon?
By James Palumbo
DailyMailUK
27th November 2009
He’s one of our top entrepreneurs who recently put all his investments into cash. The reason: He believes Britain faces bankruptcy. You may disagree with his bleak analysis but you can’t afford NOT to read it
Tax revenue down in at least 44 states
By Stateline.org
Staff Reports
Tax collections declined in the third quarter in the 44 states for which early data are available, according to a report released today (Nov. 23) by the Nelson A. Rockefeller Institute of Government.
States collected 10.7 percent less in tax revenue in the July-September period than during the same three months a year ago, according to the report, which predicted that tax collections in the final three months of the year “will continue to be weak.”
State, local budget cuts a “time bomb” for U.S. jobs
by Tom Ryan
Reuters.com
NEW YORK (Reuters) – Budget shortfalls pose a direct threat to millions of U.S. jobs, many in the private sector, as state and local governments lay off workers and cut spending on contracts and other business services, a think tank said on Thursday.
By Nick Turse
AlterNet.org
Despite ever rosier economic predictions and a surging stock market, the body count from the economic crisis is destined only to grow in the weeks and months ahead.
Climategate e-mails sweep America, may scuttle Barack Obama’s Cap and Trade laws
By Gerald Warner
TelegraphUK
November 26th, 2009
Just a few considerations in addition to previous remarks about the explosion of the East Anglia Climategate e-mails in America. The reaction is growing exponentially there. Fox News, Barack Obama’s Nemesis, is now on the case, trampling all over Al Gore’s organic vegetable patch and breaking the White House windows. It has extracted some of the juiciest quotes from the e-mails and displayed them on-screen, with commentaries. Joe Public, coast-to-coast, now knows, thanks to the clowns at East Anglia’s CRU, just how royally he has been screwed.
Week 46 Sets Record H1N1 US Pediatric Fatalities
Recombinomics Commentary
November 28, 2009
There were 35 influenza associated pediatric deaths reported week 46: NH (1), MA (1), RI (2), PA (2), MN (1), MO (1), NC (2), FL (3), TN (1), TX (2), CO (1), NM (8), WA (1), CA (1), IL (3), IN (1), KY (1), NY (1), SC (2)
For decades the federal government has been developing a highly classified plan that would override the Constitution in the event of a terrorist attack. Is it also compiling a secret enemies list of citizens who could face detention under martial law?
Swine flu epidemic escaped from lab, Australian scientists say
By Angela Kamper
The Daily Telegraph.au
November 28, 2009
THREE Australian experts are making waves in the medical community with a report suggesting swine flu may have developed because of a lab error in making vaccines.
WHO Confirms D225G Vaccine Failure
Recombinomics Commentary
November 28, 2009
One isolate from Ukraine with the mutation had changed so that swine flu vaccine probably would not protect against it well, Britain’s national medical laboratory reported Friday.
Recession is Over, Welcome Back to the Depression
The Life of an Economic Turkey
By Bill Bonner
TheDailyReckoning.com
Things were pretty rough there for a while…what with the recession and all. But now there’s a recovery. Business is picking up.”
UN scientists turn on each other: UN Scientist Declares Climategate colleagues Mann, Jones and Rahmstorf ’should be barred from the IPCC process’ — They are ‘not credible any more’
By Marc Morano
Climate Depot.com
Lord Monckton: Shut Down The UN, Arrest The Warmist Criminals
Anti-climate cult crusader calls for world to rise up against communistic killers behind global warming fraud
Paul Joseph Watson
Prison Planet.com
Saturday, November 28, 2009
Climategate: ‘There Was Proof of Fraud All Along’
IPCC expert reviewer Gray — whose 1,898 comments critical of the 2007 report were ignored — recently found that proof of the fraud was public for years.
by Vincent Gray
PajamasMedia.com
November 27, 2009
Inhofe Says Cap and Trade Climate Proposal is Dead
Senatus.com
November 28, 2009
Senate Environment and Public Works Committee Ranking Member Jim Inhofe (R-OK) says cap-and-trade climate change legislation is dead in the Senate, reports the Wall Street Journal.
Secession and the State Militia
by Russell D. Longcore
LewRockwell.com
Today, I’m going to tread ground upon which many fear to tread by discussing the first two phrases of the Second Amendment.
The Second Amendment to the United States Constitution states thus: “A Well-Regulated Militia, being necessary to the security of a Free State, the Right of the People to keep and bear arms shall not be infringed.”
When the Revolution Comes, Wear Your Dog Tags
by Michael S. Rozeff
LewRockwell.com
Wednesday morning the 25th at 9:45 a.m. meant a visit to Dr. Nick, the ophthalmologist. The office was peopled predominantly by seniors who looked near 80. Two in conversation admitted to being 78 and 79. I felt young. Still, that’s your future and not too far off. Make the most of your remaining time, I thought.
Financial Crisis in Dubai: Towards a Nightmare Scenario?
by Mike Whitney
Global Research
November 28, 2009
The default in Dubai is not the beginning of Financial Meltdown 2. Don’t look for dominoes here. Yes, it does raise serious questions about the vast debt-overhang in emerging economies–particularly East Europe. But, this is not a “sovereign default” in the strict sense, nor is there any great risk of contagion. Oil-rich Abu Dhabi is loaded with liquid assets, possibly as much as $800 billion. They could pay off Dubai World’s measly $60 billion debt without batting an eye. But Abu Dhabi wants to send its wastrel younger brother a wake-up-call by forcing Dubai to restructure its debt. That means that banks, bondholders and contractors will have to take a haircut, which is not surprising given the abysmal condition of the commercial real estate market.
“The Beast” Kills The Truckers…
Doomsday looming for many truckers at Los Angeles and Long Beach ports
Clean-air guidelines banning older rigs and those without diesel particulate filters take effect Jan. 1. Many drivers says the changes are just too costly.
By Patrick J. McDonnell
LATimes.com
November 27, 2009
