Monthly Archives: July 2012

Who Exploits You More: Capitalists or Cronies?

httpv://www.youtube.com/watch?v=kJeuoMh46JY From YouTube: One common claim is that capitalism exploits the masses for the benefit of the few. Many people who think capitalism exploits workers advocate increasing government power over the economy. Professor Matt Zwolinski suggests, however, that government power … Continue reading

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Soaring college costs and the Penn State private plane

By Steven Brill JULY 17, 2012 I was amazed to see this sentence in the piece the New York Times’s ever-amazing Jo Becker wrote last week about all the goodies outgoing Penn State football coach Joe Paterno negotiated in a new contract even … Continue reading

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HSBC Executive Resigns At Senate Money Laundering Hearing

HSBC Holdings Plc (HSBA)’s head of group compliance, David Bagley, told a Senate hearing he will step down amid charges the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering. … Continue reading

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Clinton comments slap in Israel’s face

The Committee to Bring Jonathan Pollard Home expressed outrage on Tuesday at US Secretary of State Hillary Clinton’s comments rejecting the possibility of the Israeli agent’s life sentence being commuted. “With respect to Mr. Pollard, he was convicted of spying … Continue reading

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THE TOP BANKS IN THE U.S.

POSTED BY ANN BARNHARDT – JULY 16, AD 2012 Here is the list of all of the banks in the U.S. that scored a PERFECT 0.0 on the “Texas Ratio” metric. Looking at the list, I actually know a couple … Continue reading

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How Close Are We to New Great Depression?

The risk of a new depression — a sustained, severe recession — has struck fear into the heart of markets and driven monetary policy in developed economies since the current financial crisis began. “We’re in a very unfortunate position to … Continue reading

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If Damascus falls, Israel and its gas fields feared threatened

httpv://www.youtube.com/watch?v=wMZY9aVwqhU Syrian military forces were gathered in Tuesday, July 17, to save Damascus. Tanks and armored vehicles were positioned in strength in the capital’s center and around government buildings. However, the noise and fury of battle in the Syrian capital … Continue reading

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U.S. NEWS: Clinton Apologizes for Bush Tax-Cut Gaffe Former

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Corporations Are People

httpv://www.youtube.com/watch?v=KlPQkd_AA6c More at Zerohedge.com

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BECK LITERALLY RUNS & SCREAMS AFTER HEARING ROMNEY IS CONSIDERING PAWLENTY AS VP: ‘YOU WILL LOSE!’

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This is not a fight between liberal and conservative, it is a fight between salvation and damnation.

The Sin of Inaction This is the story of America. It was born long before it was established as a refuge from religious persecution. The allure was a land where the citizens might worship as they pleased, free from government endorsement … Continue reading

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US consumer agency to supervise credit reporting companies

The U.S. consumer watchdog agency said on Monday it will start closely supervising credit reporting companies in September, bringing the industry under strict federal supervision for the first time. The Consumer Financial Protection Bureau, in adopting a rule to oversee … Continue reading

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David Stockman: “We’re At The Fiscal Endgame”

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Preparing for Civil War: Chart Shows DHS Has Bought Hundreds of Millions of Rounds of Ammo Since 2009

In the last six months many articles and reports have been written that detailed the hundreds of millions of rounds of ammunition that the Department of Homeland Security has purchased since Obama took office in 2009. This astonishing amount of purchased ammunition has lead … Continue reading

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Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says

The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with ­middle-class families bearing the brunt of the decline. The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from … Continue reading

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