Thursday January 15th 2009 -
links page
The Gaza Attack - 26
Articles - Thursday - [ Day 20 ] ========== ==========
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The
Language of Death ---
http://www.truthdig.com/report/item/20090112_the_language_of_death/
Must Read - A
quote...."Posted on Jan 12, 2009 -- The incursion into Gaza is not
about destroying Hamas. It is not about stopping rocket fire into
Israel. It is not about achieving peace. The Israeli decision to rain
death and destruction on Gaza, to use the lethal weapons of the modern
battlefield on a largely defenseless civilian population, is the final
phase of the decades-long campaign to ethnically cleanse Palestinians.
The assault on Gaza is about creating squalid, lawless and impoverished
ghettos where life for Palestinians will be barely sustainable. It is
about building ringed Palestinian enclaves where Israel will always
have the ability to shut off movement, food, medicine and goods to
perpetuate misery. The Israeli attack on Gaza is about building a hell
on earth."
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Israelis
shell hospitals and UN HQ ---
http://english.aljazeera.net/news/middleeast/2009/01/2009115153549143408.html
Article ---
http://www.informationclearinghouse.info/article21767.htm
also posted at ICH
---
http://www.reficultnias.org/mikesfiles/cachedfiles/ichsfundingpage-cached-reficultnias-111908
A quote...."Friday, January 16, 2009 00:40 Mecca time, 21:40 GMTThree
hospitals and a UN compound have been bombed by Israel as troops
continue to advance into the densely-populated Gaza City. -- Around 500
people were sheltering in the Al-Quds hospital in the city's
southwestern Tal Al-Hawa district when it was bombed by Israeli jets
and set ablaze on Thursday morning."
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Kucinich
on the Destruction of the UN Headquarters in Gaza ---
http://www.afterdowningstreet.org/node/39011
A quote...."Thu, 2009-01-15 16:09. -- Washington D.C. (January 15,
2009) – Congressman Dennis Kucinich (D-OH) today made the following
statement about the ongoing humanitarian crisis in Gaza on the House
Floor: -- “The attack on the United Nations headquarters in Gaza is
further proof that a post-legal era in world affairs has taken shape;
where law and moral principles are irrelevant, where might makes right,
where retribution and vengeance, even against innocent children, fails
to shake us from moral lethargy or political paralysis."
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Official:
Israeli forces shell UN headquarters in Gaza, white phosphorus suspected
---
http://rawstory.com/news/2008/Official_U.N._Gaza_complex_hit_with_0115.html
Contains Video - A
quote...."Published: Thursday January 15, 2009 -- CNN's John Roberts
talked with John Ging who is the director of United Nations Relief and
Works Agency (UNRWA) in Gaza. Ging believes that Israeli shells that
recently struck the U.N. complex contained white phosphorus. "It looks
and smells like phosphorus and it's burning like phosphorus. That's all
I can say. That's why I'm calling it phosphorus," said Ging."
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Photo
of Israeli IDF Soldier Handling U.S. Made WP Round
---
http://willyloman.wordpress.com/2009/01/15/photo-of-israeli-idf-soldier-handling-us-made-wp-round/
Special Note - Photos -
InfoChart --
A quote...."January 15, 2009 -- Photographic evidence has emerged that
proves that Israel has been using controversial white phosphorus shells
during its offensive in Gaza, despite official denials by the Israel
Defense Forces."
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UN
headquarters in Gaza hit by Israeli 'white phosphorus' shells
---
http://www.timesonline.co.uk/tol/news/world/middle_east/article5521925.ece
A quote...."January 15, 2009 -- The main UN compound in Gaza was left
in flames today after being struck by Israeli artillery fire, and a
spokesman said that the building had been hit by shells containing the
incendiary agent white phosphorus."
also posted at CommonDreams
--- http://www.commondreams.org/headline/2009/01/15-4
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Outrage
as Israel bombs UN ---
http://www.independent.co.uk/news/world/middle-east/outrage-as-israel-bombs-un-1380407.html
A quote...."Friday, 16 January 2009 - Israeli tanks thrust deep inside
Gaza City last night as ferocious fighting raged in dense residential
areas with terrified families fleeing along streets echoing with
gunfire, although many others were trapped in their homes."
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Israeli
Officials Can’t Seem to Get Stories Straight on UN Attack
---
http://news.antiwar.com/2009/01/15/israeli-officials-cant-seem-to-get-stories-straight-on-un-attack/
A quote...."Posted January 15, 2009 - Though it caused a minimal number
of direct casualties, the Israeli attack on the United Nations Relief
and Works Agency (UNRWA) made headlines across the world and sparked a
litany of public condemnations, not the least of which because UNRWA
spokesman Chris Gunness said the building was attacked with white
phosphorus shells, which Israel had previously denied using."
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Minister
calls for inquiry into attack on UN HQ in Gaza
---
http://www.belfasttelegraph.co.uk/breaking-news/ireland/politics/minister-calls-for-inquiry-into-attack-on-un-hq-in-gaza-14142998.html
link posted at ICH
---
http://www.reficultnias.org/mikesfiles/cachedfiles/ichsfundingpage-cached-reficultnias-111908
A quote...."Thursday, 15 January 2009 -- The Minister for Foreign
Affairs Michael Martin is calling for an international inquiry to be
held into the attack on the United Nation's headquarters in Gaza. The
UN compound has been left in flames after an Israel strike earlier,
which injured three workers."
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UN
outraged after Israel shells its aid compound ---
http://www.iht.com/articles/2009/01/15/mideast/mideast.php
link posted at ICH
---
http://www.reficultnias.org/mikesfiles/cachedfiles/ichsfundingpage-cached-reficultnias-111908
A quote...."Published: January 15, 2009 -- GAZA: Israeli forces shelled
areas deep inside Gaza City on Thursday, hitting the headquarters of
the United Nations Relief and Works Agency and wounding at least three
people among the hundreds taking shelter in the compound, UN officials
and witnesses said."
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Israel Attacks
Media - Literally Two Journalists Wounded in Hit on Media Center
--- http://www.uruknet.de/?p=m50893&s1=h1
A quote...."Jan 15, 2009 - With its continued refusal, after 20 days,
to allow international journalists into the Gaza Strip to cover the
ongoing war, the Israeli government is no stranger to being accused of
attacks on freedom of the press. But earlier today, attacks on
journalists’ ability to cover the war turned into an attack on
journalists."
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Israeli
military asked to explain how Gaza media building came to be hit by
explosion ---
http://www.rsf.org/article.php3?id_article=29997
A quote...."15 January 2009 -- Reporters Without Borders calls on the
Israeli military to investigate and explain exactly how a 16-storey
building in Gaza City that houses several news organisations including
Reuters came to be hit by an explosion this morning."
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Israel
continues hammering civilians in Gaza ---
http://www.middle-east-online.com/english/?id=29801
A quote...."First Published 2009-01-16 -- Hamas - once more - offers
conditional truce as Palestinian death toll reaches 1,113."
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Israeli
military lays siege to Gaza City ---
http://wsws.org/articles/2009/jan2009/gaza-j16.shtml
A quote...."16 January 2009 -- Israeli military forces carried out a
ferocious assault on densely populated neighborhoods in Gaza City
Thursday, forcing thousands of civilians to flee their homes as ground
forces, backed by a steady barrage of heavy artillery, helicopter
gunships and tanks made their deepest foray into the city of 500,000
people."
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Gaza
Is a Concentration Camp ---
http://www.alternet.org/audits/120197/gaza_is_a_concentration_camp__/
A quote...."January 16, 2009. -- Gaza is an immense concentration camp
-- 1.5 million people squeezed into 140 square miles hemmed in on all
sides by 25-foot-high walls separated by a vast expanse of bulldozed
earth. The 2005 "pull-out" left Gaza still controlled by Israel from
air and sea, its entries and exits prisonlike mazes electronically
controlled and under constant surveillance. Bombing it, assaulting it
with tanks and Uzis, is like shooting animals in a pen. The claptrap
about "pinpoint" accuracy and "avoiding civilians" is a lie so
flagrant, so transparent, that any child -- certainly any Gaza child --
could grasp it."
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Israel
in Gaza increasingly seen as Rogue State by EU, Red Cross, Lancet; Are
Gazans Slaves?
---
http://www.juancole.com/2009/01/israel-in-gaza-increasingly-seen-as.html
A quote...."The BBC reports that "More than 300 of the dead are said to
be children, 76 are women and more than 4,500 people have been injured,
of whom 1,600 are children and 678 are women." In addition, many of the
dead or wounded are just Gaza police and municipal authorities that the
Israelis are counting as "Hamas" when they may be no such thing. Tens
of thousands of civilians have been rendered homeless...."
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The
Israeli Human Shield ---
http://desertpeace.wordpress.com/2009/01/16/the-israeli-human-shield/
A quote...."January 16, 2009 at 8:27 am -- During the Israeli war on
Gaza, Western media propagated Israeli propaganda that the Palestinian
resistance have been using their family members as human shields.
Sadly, Israeli propaganda is often presented in Western media as facts,
and the Israeli version has been accepted with little verification. The
goal is simple: dehumanise the Palestinian by showing that he does not
care about his family members, and once that is done it becomes much
easier to accept him as a legitimist target."
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International
Law Seldom Newsworthy in Gaza War ---
http://www.fair.org/index.php?page=3672
A quote...."1/13/09 -- U.S. corporate media coverage of the Israeli
military attacks that have reportedly killed over 900--many of them
civilians--since December 27 has overwhelmingly failed to mention that
indiscriminate attacks on civilian targets are illegal under
international humanitarian law.
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The
sources of Arabs’ Shame: Egypt, Jordan and Saudi Arabia
--- http://www.tehrantimes.com/index_View.asp?code=186660
Article
--- http://www.informationclearinghouse.info/article21766.htm
also posted at ICH
---
http://www.reficultnias.org/mikesfiles/cachedfiles/ichsfundingpage-cached-reficultnias-111908
Special Note - A
quote...."Jan 12, 09 -- It is now over two weeks since Israel
started its vicious assault on Gaza resulting, so far, in close to 600
dead and thousands of injuries mostly civilians. Israel true to its
nature is once again ignoring all international laws and conventions."
--
For more on this issue see also
....Gaza
Exposes
Arab Kings ---
http://www.youtube.com/watch?v=5PJHXR9-kUc&eurl ---
(YouTube - 9 min 49 sec - Jan. 09, 2009) -
posted 01-12-09
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Israel
looking to ignite new war: Lebanon ---
http://www.globalresearch.ca/index.php?context=viewArticle&code=20090115&articleId=11807
A quote...."Global Research, January 15, 2009 -- Lebanon rejects
Hezbollah involvement in a recent rocket attack on Israel, suggesting
that the launch may have been a ploy by Tel Aviv. -- In a ceremony in
the southern Lebanese city of Nabatiyeh, Labor Minister Mohammed Fneish
said Lebanon was not involved in the recent rocket attacks on Israel
and denied having any further information regarding the incident. --
"It is not on us to safeguard Israeli security or find the
perpetrators. UNIFIL forces must find and apprehend the rocket
launchers," Fneish added."
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How Will Israel
Save Face? Gaza's Shattered Mirror ---
http://www.counterpunch.org/shahid01152009.html
Must Read - A
quote...."January 15, 2009 -- At a time when Palestinian men, women and
children, corralled in the ghetto of Gaza since 1948, are daily,
hourly, relentlessly, being bombed from the air, land and sea, it is
instructive to turn to some of the founding fathers of Zionism, and ask
what they might have thought about this obscene consequence of their
messianic vision." --
For more on
this sort of issue see....Judeo-Christian
C/C & US
---
http://www.reficultnias.org/mikesfiles/weblists/judeochristianconflictcontrolwithinus-weblist-mpg-010409
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Israel:
Losing the PR war and the Diaspora ---
http://www.opednews.com/articles/Israel-Losing-the-PR-war-by-Jeet-Heer-090115-148.html
A quote...."January 15, 2009 at 16:16:33 -- Wars can be won on the
battlefield while being lost in the realm of public opinion. In
Vietnam, the United States army was victorious in every combat
operation but the overall war was lost when the American public became
convinced that the cost of fighting far outweighed any benefit. In the
Middle East today, we see the same dichotomy between battlefield
success and public relations failure."
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90
organizations, mainly French, to prosecute Israel for War Crimes --
http://www.uruknet.info/?p=m50817&hd=&size=1&l=e --
Go after Israeli assets!! - mpg
Action Update - A
quote...."January 14, 2009 -- Ninety organizations, mainly French,
decided to prosecute Israel at the International Court for committing
War Crimes against the Palestinian people in the Gaza Strip as the
Israeli offensive left more than 1033 Palestinians dead, and over 4580
wounded in its first two weeks." --
also
posted at WarInIraq
--- http://www.iraq-war.ru/article/187064
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Turkish co
cancels order from Israel, citing Gaza ---
http://www.iraq-war.ru/article/187029 ---
EVERYBODY, cancel your orders NOW!! - mpg
Action Update - A
quote...."A Turkish executive wrote, "We cannot sell Israeli products
because of the cruel attacks by Israel in Gaza"."
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UN General
Assembly Condemns Israel At Emergency Mtg On Gaza ---
http://www.iraq-war.ru/article/187036
Action Update - A
quote...."By: AFP on: 15.01.2009 [20:12 ] -- UNITED NATIONS
(AFP)--Israel was roundly condemned and accused of flouting
international law Thursday at a U.N. General Assembly session for its
deadly military assault on the Gaza Strip, including strikes on
hospitals, media and U.N. buildings."
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Unprecedented
Gaza Emergency Meeting, New York City, Jan. 14th 2009
---
http://www.sott.net/articles/show/173196-Unprecedented-Gaza-Emergency-Meeting-New-York-City-Jan-14th-2009
Action Update - A
quote...."Thu, 15 Jan 2009 22:04 UTC -- Organized by the Revolution
Books in Manhattan, an unprecedented Emergency Town Hall Meeting took
place last night at the New York City Society for Ethical Culture on 2
West 64th Street. The focus of the evening was the intolerable
humanitarian catastrophe that is being inflicted on the Palestinian
People by the Israeli military in Gaza."
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End - The Gaza Attack - 26
Articles - Thursday - [ Day 20 ] ========== ==========
========== ====
Those
Who Enable the Triumph of Evil, and the Choice Before Us
---
http://powerofnarrative.blogspot.com/2009/01/those-who-enable-triumph-of-evil-and.html
A quote...."I have been making one critical argument for several years.
In "The Barren, Deadly Wasteland that Is Now Our Life," I formulated a
foundational question this way (I include both of the following
paragraphs to remind readers of key evidence for my conclusion):"
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Nixon-Kissinger
Celebrated '72 Bombing of N. Vietnam, New Transcripts Show
--- http://www.pubrecord.org/nationworld/581.html?task=view
A quote...."Former National Security Adviser Henry Kissinger and
President Richard Nixon discussed their satisfaction over the U.S.
bombing campaign of North Vietnam, according to previously unpublished
transcripts of their telephone conversations obtained by George
Washington University's National Security Archive and released Tuesday."
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AP is
Lying to Push for War on Iran (Again) -
Soon to be joined by the New York Times
& WaPo perhaps? - mpg
--- http://www.wakeupfromyourslumber.com/node/10167
A quote...."Imagine that a world leader was quoted as publicly saying:
"Judging from recent trends, the neocon regime is not likely to survive
in this region." -- Now, imagine that a major news organization
published a report based on that statement. What do you suppose the
headline would say?"
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Paula
Loyd as Metaphor? ---
http://www.lewrockwell.com/kwiatkowski/kwiatkowski222.html
A quote...."It is November 4th, 2008. An American woman, chartered by
the U.S. Army, is talking to an Afghan man in a small town 80
kilometers from Kandahar about the price of fuel. Suddenly, he ignites
the pitcher of gas he is holding, and throws it on her. She is set
aflame. He is immediately captured, held by American contract and
uniformed security forces for the ten minutes it takes to get a report
on the woman’s condition. She is alive, but horribly burned. A U.S.
security contractor presses his pistol against the side of the Afghan’s
head and pulls the trigger, killing him instantly."
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Indian
Army presence in Afghanistan can 'squeeze' Pakistan: Chief
---
http://atheonews.blogspot.com/2009/01/indian-army-presence-in-afghanistan-can.html
A quote...."January 15, 2009 -- Indian Army Chief, General Deepak
Kapoor, Wednesday agreed that Indian military presence in Afghanistan
could give it some strategic depth against Pakistan."
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Russia
feels pinch over arms plans ---
http://www.atimes.com/atimes/Central_Asia/KA16Ag02.html
A quote...."Russia's financial crisis may be clipping the wings of
plans to modernize its armed forces. The impact of the global financial
crisis on the timing, scope and shifting priorities for this
modernization remain sensitive issues for the Kremlin, though some
signs of deeper problems are beginning to emerge."
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Latvia
rocked by protests ---
http://wsws.org/articles/2009/jan2009/latv-j16.shtml
A quote...."On January 13, Riga, the capital of the Baltic state of
Latvia, was rocked by protests and demonstrations that left around 25
people injured following clashes with police. Police made an estimated
106 arrests."
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Violent
anti-government riots erupt in Bulgaria ---
http://www.rinf.com/forum/showthread.php?t=6952
A quote...."There have been violent riots during an anti-government
rally in the Bulgarian capital Sofia. -- The unrest erupted during a
peaceful protest in front of parliament where more than 2,000 people
had gathered. -- They said they were fed up with life in what they
describe as the European Union’s poorest and most corrupt nation. --
Opinion polls show that 70 percent of Bulgaria’s 7.6 million people
want the government to resign."
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Eastern
Europe left in the cold ---
http://wsws.org/articles/2009/jan2009/ukra-j16.shtml
A quote...."The gas flow from Russia to Ukraine tentatively resumed on
Tuesday—only to halt amid accusations of theft and US conspiracy. -
Russia cut off gas supplies to Ukraine on January 1, accusing Ukraine
of stealing gas intended for the rest of Europe. A European
Union-brokered deal reached on Monday saw Russia agreeing to resume
supplies if Gazprom and European Union monitors were allowed to check
the transit of gas through Ukraine."
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Eshu’s
blues: Obama’s message to the world: Let the U.S. ruling class pound
you in the face
---
http://www.blackagendareport.com/index.php?option=com_content&task=view&id=972&Itemid=1
Must Read - A
quote...."Obama is silent as the grave - Palestinian graves - about
Gaza, but shoots off his mouth in what appears to be a prelude to war
against Social Security. The "Herald of Hope and Change" shows a
"cowardice" on Palestine that "is beyond appalling," while huffing and
puffing about how he'll solve the problems caused by "that seven
hundred dollars a month the disabled collect from Social Security and
the few hundred many people get from the ‘entitlement' programs of
Medicare." As long as the "markets" are "soothed" by his ever-rightward
policies, Obama is pleased."
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Obama
to Defend Telco Spy Immunity ---
http://blog.wired.com/27bstroke6/2009/01/obama-to-fight.html
---
You
Obamatrolls happy yet? - mpg
Special Note - A
quote...."The incoming Obama administration will vigorously defend
congressional legislation immunizing U.S. telecommunication companies
from lawsuits about their participation in the Bush administration's
domestic spy program. -- That was the assessment Thursday by Eric
Holder, President-elect Barack Obama's choice for attorney general, who
made the statement during his confirmation hearings before the Senate
Judiciary Committee."
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Federal Court Upholds
Wiretap Law --- http://www.truthout.org/011509R
---
Oh yeah! - mpg
A quote...."Washington - A U.S. Foreign Intelligence court
released a ruling Thursday upholding the right of the president and
Congress to wiretap private international phone conversations and
intercept e-mail messages
without a
court-issued warrant." - bold by website editor
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Establishment
Washington unifies against prosecutions ---
http://www.salon.com/opinion/greenwald/2009/01/15/ignatius/
Must Read - A
quote...."The Washington Post's David Ignatius today does what he does
best: serve as the spokesman for the Washington establishment's
most conventional wisdom in a way that really illuminates what it is:
To underscore the message, Obama
indicated that he would oppose retrospective investigations of
wrongdoing by the CIA and other agencies, arguing: "When it comes to
national security, what we have to focus on is getting things right in
the future, as opposed [to] looking at what we got wrong in the past."
This is the kind of realism that will disappoint liberal
score-settlers, but it makes clear that Obama has a grim appreciation
of the dangers America still faces from al-Qaeda and its allies. --
You Obamatrolls must be soooo proud right
now. - mpg
also posted at CommonDreams
--- http://www.commondreams.org/view/2009/01/15-9
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White
House Finds 14 Million 'Missing' E-Mails, DOJ Lawyer Says
---
http://pubrecord.org/law/628-white-house-finds-14-million-missing-e-mails-doj-lawyer-says.html
This article is related to the
one above.....just think about it.
-
mpg -- A quote...."Six
days before the Bush administration's term ends, a Justice Department
attorney told a federal judge Wednesday that the White House found 14
million "missing" e-mails that for nearly two years were the subject of
several lawsuits and congressional inquiries and widespread speculation
that the documents were destroyed."
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Foreclosures
soar 81 percent in 2008 ---
http://uk.reuters.com/article/burningIssues/idUKTRE50E1KV20090115
A quote...."NEW YORK (Reuters) - U.S. foreclosure activity jumped 81
percent in 2008, with one in every 54 households getting at least one
filing notice,
suggesting various
state laws and private programs to slow the process have been
ineffective, RealtyTrac reported on Thursday." -- bold by
website editor
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2
Fed Bank Chiefs Slam Bernanke ---
http://georgewashington2.blogspot.com/2009/01/2-fed-bank-chiefs-slam-bernanke.html
A quote...." William Poole, who recently left his post as president of
the St. Louis Fed, is essentially calling Bernanke a communist:
Poole said he was very concerned
that the Fed could simply lend money to anyone, without constraint. --
In the Soviet Union and Eastern Europe during the Cold War era,
economies were inefficient because they had a soft-budget constraint.
If a firm got into trouble, the banking system would give them more
money, Poole said. -- The current situation at the Fed seems eerily
similar, he said."
It's not like the Soviet Union,
it is in fact exactly like the New Roman Empire. - mpg
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Why
we never seem to get the change we need ---
http://onlinejournal.com/artman/publish/article_4245.shtml
A quote...."I have a friend who often asks me, “Do you think most
people realize how incompetent their leaders are?” Maybe, as George W.
Bush said in his final press conference, we “misunderestimate” them."
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U.S.
Mulls Another Multibillion-Dollar Aid Package For Bank of Ameirca
--- http://www.blacklistednews.com/news-2986-0-13-13--.html
A quote...."The federal government is considering a fresh
multibillion-dollar aid package for Bank of America Corp. to help it
absorb losses at Merrill Lynch." --
The
bailouts having been started by our Roman elites, will NEVER, EVER,
end. - mpg
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Bank
Of America "Is Insolvent", Will be "Broken Up" ---
http://georgewashington2.blogspot.com/2009/01/bank-of-america-is-insolvent-will-be.html
A quote...."Mike "Mish" Shedlock has batted 100% - for the time I've
been reading his blog - in calling companies insolvent months or years
before it becomes public knowledge. - Mish is now saying "Bank of
America Is Insolvent". - And analyst Billings is saying that Bank of
America will be "Broken Up" - Hold on to your hats, folks . . ."
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How
Citigroup Unraveled Under Geithner’s Watch ---
http://www.propublica.org/article/how-citigroup-unraveled-under-geithners-watch
A quote...."As president of the New York Federal Reserve Bank, Timothy
Geithner often preached that gargantuan financial firms like Citigroup
should be held to the highest regulatory standards to make sure they
couldn't take on too much risk."
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Initial
weekly jobless claims rise Continuing claims trend at highest level
since 1982
---
http://www.marketwatch.com/news/story/initial-weekly-jobless-claims-rise/story.aspx?guid=%7B107C8EC1-937D-4295-A9D4-4EE8E35D9400%7D
A quote...." The gain in the most recent claims data [54,000], restarts
an upwards trend that analysts had expected. Initial claims had
declined in the prior two weeks, likely due to difficulties in
accounting for seasonal adjustments. -- The underlying trend in claims
is still rising, and could reach a peak of 750,000, according to Ian
Shepherdson, chief U.S. economist with High Frequency Economics.
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U.S.
PPI falls for fifth month as energy, food drop But for all 2008,
wholesale-level core inflation is highest in two decades
---
http://www.marketwatch.com/news/story/us-wholesale-prices-drop-fifth/story.aspx?guid=%7B440E25B2-31A4-442D-BEED-B606AABA03EA%7D
Special Note - A
quote...."WASHINGTON (MarketWatch) -- As global economic weakness
persists, the Labor Department reported Thursday that U.S. inflation at
the wholesale level eased further in December, falling for the fifth
consecutive month with another tumble from energy prices." --
The US-NRE is now in a deflationary spiral.
- mpg
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Falling Prices Are the
Antidote to Deflation --- http://mises.org/story/3296
However according to THIS
article falling prices are a symptom of deflation and NOT its cause. -
mpg -- A quote...."A disastrous economic confusion, one that is
shared almost universally, both by laymen and by professional
economists alike, is the belief that falling prices constitute
deflation and thus must be feared and, if possible, prevented."
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Fiscal
Situation of 50 States: Combined Budget Gaps Estimated at $350 Billon
for 2010 and 2011
---
http://www.mybudget360.com/fiscal-situation-of-50-states-combined-budget-gaps-estimated-at-350-billon-for-2010-and-2011/
A quote...."The combined budget gaps for the remainder of this fiscal
year and then those of 2010 and 2011 are a stunning $350 billion.
This number is simply jaw dropping and Wednesday’s horrific retail
sales numbers tell us that this recession is already going to be the
worst since World War II and possibly since the Great Depression."
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