Jim Adkisson, the 58 year oid man being held in a Knoxville, Tennessee jail on murder charges stemming from a shooting during a children’s musical at the Tennessee Valley Unitarian Universalist Church on Sunday is said to have had a array of right-wing political books in his home along with brass knuckles, empty shotgun shell […]

The next president will inherit a record budget deficit approaching $490 billion, a Bush administration official said Monday. The official said the deficit was being driven to an all-time high by the sagging economy and the stimulus payments being made to 130 million households in an effort to keep the country from falling into a […]

Kilcullen, who helped Petraeus design his 2007 counterinsurgency strategy in Iraq, called the decision to invade Iraq “stupid” — in fact, he said “f***ing stupid”. “The biggest stupid idea,” Kilcullen said, “was to invade Iraq in the first place.” read more | digg story

BERLIN, Germany (CNN) — Thank you to the citizens of Berlin and to the people of Germany. Let me thank Chancellor Merkel and Foreign Minister Steinmeier for welcoming me earlier today. Thank you Mayor Wowereit, the Berlin Senate, the police, and most of all thank you for this welcome.
I come to Berlin as so many […]

On Saturday, former Vice President Al Gore made a surprise appearance at the Netroots Nation convention in Austin, TX. While the attendees of Netroots Nation received Gore with enthusiasm, his appearance has caused Fox News’s Bill O’Reilly to declare that attending Netroots Nation was “the same as if he stepped into the Klan gathering’read more […]

I called the death of Indymac on July 7th. The FDIC seized Indymac on July 11th. I called the implosion of the 2 Gov’t Sponsored Entities in the mortgage biz, Fannie Mae and Freddie Mac on July 9th. Sun, July 13th the White House announced a bailout for them. Want to know what happens […]

GOP Loves Less Government Except, of course, when they need federal billions to bail out their cowboy, unregulated, corrupt economic policies
The desperate worry over the health of huge financial institutions with country cousin names — Fannie Mae and Freddie Mac — reflects a reality that has reshaped major spheres of American life: the government has […]

The experience of the 1930s makes me think that the present downturn will be relatively long and difficult, AKA “The Greater Depression
These are far bigger than the investment bank Bear Stearns and Northern Rock put together. They have brought the crisis from the level of billions of dollars, to the level of trillions. No doubt […]

The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac - the two mortgage finance giants that play a crucial role in the U.S. economy.
Hurray privatized gain and socialized loss!
*Would it be better to just bail out all Americans.read more | digg story

Argentina will produce massive wind power turbines. This country of South America is using some of the biggest generators with de Eolis-15, that has 1,5 megawatts of power and almost 80 meters tall.read more | digg story