Again,
May God Forgive Us ---
http://freedominourtime.blogspot.com/search/label/Warfare%20state%3B%20torture%3B%20imperialism
Must Read - Some
quotes...."Conservatives and others who revere the founders of our late
Republic might recall that the men who won our independence and wrote
the Constitution opposed a standing army, not only because it could be
employed as an instrument of domestic tyranny, but also because it
would offer irresistible opportunities for foreign adventurism. In
this, as in so much else, the Founders' wisdom has withstood the
passage of time." -- ".... Taguba said "protectors of our foreign
policy," not "defenders of our independence" or "guardians of our
liberties." The foreign policy referred to entails open-ended
entanglements in the affairs of nearly every nation on earth, as well
as plundering huge sums from taxpayers to sustain a grotesquely huge
military establishment and bribe political elites abroad. That foreign
policy cultivates misery and harvests war and terrorism. Why in God's
Name would any decent human being defend that foreign policy in the
abstract, much less spill blood to implement it? Although I wish
harm
or death on no human being, it seems to me a good idea to adjust the
current set of incentives in such a way that at least some American
military personnel, as they deal with another gust of blowback, will
have an overdue confrontation with their conscience and decide
unilaterally to end their service of the world's largest criminal
enterprise, the government of the United State (spelling intentional)."
--
also posted at ICH
========== ========== ========== ========== ========== ==========
========== ====
War Is
Sin ---
http://www.truthdig.com/report/item/20090601_war_is_sin/
Must Read - A
quote...."The
crisis faced by combat veterans returning from war is not simply a
profound struggle with trauma and alienation. It is often, for those
who can slice through the suffering to self-awareness, an existential
crisis. War exposes the lies we tell ourselves about ourselves. It rips
open the hypocrisy of our religions and secular institutions. Those who
return from war have learned something which is often incomprehensible
to those who have stayed home. We are not a virtuous nation. God and
fate have not blessed us above others. Victory is not assured. War is
neither glorious nor noble. And we carry within us the capacity for
evil we ascribe to those we fight." --
also posted at ICH ---
http://informationclearinghouse.info/article22749.htm
& AftrDwngSt ---
http://www.afterdowningstreet.org/node/43158
& CommonDreams
--- http://www.commondreams.org/view/2009/06/01-0
========== ========== ========== ========== ========== ==========
========== ====
Obama's
support for the new Graham-Lieberman secrecy law ---
http://www.salon.com/opinion/greenwald/2009/06/01/photos/index.html
Must Read - A
quote...."It was one thing when President Obama reversed himself last
month by announcing that he would appeal the Second Circuit's ruling
that the Freedom of Information Act (FOIA) compelled disclosure of
various photographs of detainee abuse sought by the ACLU. Agree
or disagree with Obama's decision, at least the basic legal framework
of transparency was being respected, since Obama's actions amounted to
nothing more than a request that the Supreme Court review whether the
mandates of FOIA actually required disclosure in this case. But
now -- obviously anticipating that the Government is likely to lose in
court again (.pdf) -- Obama wants Congress to change FOIA by
retroactively narrowing its disclosure requirements, prevent a legal
ruling by the courts, and vest himself with brand new secrecy powers
under the law which, just as a factual matter, not even George Bush
sought for himself."
also posted
at AmericanEveryman
---
http://willyloman.wordpress.com/2009/06/02/obamas-support-for-the-new-graham-lieberman-secrecy-law/
& CommonDreams
--- http://www.commondreams.org/view/2009/06/01-9
========== ========== ========== ========== ========== ==========
========== ====
Death
of the Republic, Part CLXVIII ---
http://chris-floyd.com/component/content/article/3/1774-death-of-the-republic-part-clxviii.html
Must Read -
Floyd's take on the article shown above -
mpg -- Some Quotes...."[The bill] literally has no purpose other
than to allow the government to suppress any "photograph taken between
September 11, 2001 and January 22, 2009 relating to the treatment of
individuals engaged, captured, or detained after September 11, 2001, by
the Armed Forces of the United States in operations outside of the
United States." -- "What kind of country passes such a law? Why,
a cheap, corrupt, third-rate junta state, which has elevated war and
militarism into its supreme value, its "ultimate concern," its divinity
-- that's what kind of country. What other kind of country did you
think was skulking there between Mexico and Canada these days? -- But
the perniciousness of the act doesn't lie merely in its immediate goal
-- suppressing war crimes evidence to protect the Terror War machinery
that Obama has inherited and is expanding." -- "Adopting the principle
of potential "endangerment" as a justification for government
repression is not just an open door to tyranny -- it kicks the door
down and brings the rest of the front wall crashing with it. But of
course, that edifice crumbled a long time ago. The only thing remotely
surprising about this latest Banana Republic Act is that is so blatant
in its gutless abandonment of even the slightest pretense that the
United States is anything other than a militarist empire."
For more on the two articles
shown above see....9/11
- Iraq - Torture Fables
---
http://www.reficultnias.org/mikesfiles/weblists/911&iraqtotturefables-weblist-mpg-052909
========== ========== ========== ========== ========== ==========
========== ====
Obama
Breaking Vows on Secrecy ---
http://original.antiwar.com/fisher/2009/06/01/obama-breaking-vows-on-secrecy/
A quote...."Despite President Barack Obama’s formation of a new task
force to review government secrecy, and an ongoing investigation into
use of the so-called state-secrets doctrine, lawyers for the new
administration refused last week to disclose information on the
government’s use of warrantless wiretaps and backed legislation to
block the release of photos of prisoner abuse in Iraq and Afghanistan."
========== ========== ========== ========== ========== ==========
========== ====
Judge:
Gitmo legal documents must be public ---
http://wire.antiwar.com/2009/06/01/judge-gitmo-legal-documents-must-be-public/
A quote...."A federal judge ordered the United States on Monday to
publicly reveal unclassified versions of its allegations and evidence
justifying the continued imprisonment of more than 100 detainees being
held at Guantanamo Bay."
========== ========== ========== ========== ========== ==========
========== ====
Afghanistan
demands return of Guantanamo boy ---
http://news.yahoo.com/s/afp/20090601/wl_sthasia_afp/afghanistanunrestrightsguantanamo
A quote...."KABUL (AFP) – Afghanistan has demanded that the United
States return a young Afghan detained throughout his teenage years in
Guantanamo Bay, where lawyers said Monday he was tortured at the
controversial prison."
========== ========== ========== ========== ========== ==========
========== ====
America's
Political/Media Kabuki ---
http://www.consortiumnews.com/2009/053109.html
A quote...."Kabuki is defined as a highly stylized form of classical
Japanese dance-drama in which actors often wear elaborate makeup and
engage in precisely dictated movements, a useful metaphor for the
current American political process which can’t seem to break out of old
patterns even as the nation hurtles from crisis to crisis."
========== ========== ========== ========== ========== ==========
========== ====
Whence
the Terror Hysteria? - Follow the Money ---
http://original.antiwar.com/giraldi/2009/06/01/whence-the-terror-hysteria/
A quote...."One of the unique pleasures of living near our nation’s
capital is to sit down with the first morning cup of coffee, open the
Washington Post, and flip through the full-page ads placed by defense
contractors. The ads almost always feature dedicated young soldiers,
fierce bald eagles, and American flags. They extol our heroic warriors
and note how they, the contractors, are on the front line defending
freedom and the American way. They do not mention that the ads are paid
for by the taxpayers, courtesy of the huge profits generated by
unneeded defense spending. Their CEOs and shareholders must smile when
they see the ads. The rest of us shouldn’t."
========== ========== ========== ========== ========== ==========
========== ====
The
War Party Returns ---
http://original.antiwar.com/justin/2009/05/31/the-war-party-returns/
Special Note - War Prestitute
Alert -- A quote...."
Whatever happened to
the
neocons, ---
http://www.antiwar.com/orig/lind1.html --- those
creatures
of legend ---
http://www.youtube.com/watch?v=8vWZTTrceV8 ---
whose
--- http://www.motherjones.com/politics/2004/01/lie-factory
---
fulminations
--- http://www.newsweek.com/id/47377 --- led
to
the
worst strategic disaster ---
http://www.informationclearinghouse.info/article10488.htm
--- in American history? Oh, don’t worry,
they’re still around and up to no good – out of power, but not out of
mischief-making schemes to drag us into yet another war, this time on a
scale much bigger than their previous "
accomplishment."
--- http://online.wsj.com/article/SB123241360913796235.html
--- The
Weekly
Standard, ---
http://www.weeklystandard.com/weblogs/TWSFP/2009/03/kristol_all_hail_obama.asp
--- Rupert Murdoch’s
gift
---
http://www.rightweb.irc-online.org/profile/Weekly_Standard
--- to the War Party, is no longer delivered in
multiple
copies ---
http://www.nytimes.com/2003/03/11/arts/white-house-listens-when-weekly-speaks.html?pagewanted=2
--- to the White House, but that doesn’t mean editor
Bill Kristol
--- http://www.antiwar.com/justin/j080601.html --- is
totally bereft of influence in Washington. Kristol & Co., having
disbanded
---
http://en.wikipedia.org/wiki/Project_for_the_New_American_Century
--- their
Project
for a New American Century [.pdf] ---
http://www.newamericancentury.org/RebuildingAmericasDefenses.pdf
--- which played a
key
role ---
http://empireburlesquenow.blogspot.com/2005/03/dark-passage-pnacs-blueprint-for.html
--- in dragging us into Iraq – have come up with a new vehicle,
the
Foreign Policy
Initiative, ---
http://www.foreignpolicyi.org/about.html --- which recently
co-sponsored a conference
with
the head of ---
http://www.weeklystandard.com/weblogs/TWSFP/2009/03/the_foreign_policy_initiative_1.asp
--- the
Center
for a New American Security ---
http://www.cnas.org/people/leadership --- (the Obamaites’
favorite foreign policy
think-tank) and the
Center for
American Progress, -- http://tinyurl.com/nvcgp9
--- the
Soros-funded
---
http://www.bloomberg.com/apps/news?pid=20601087&sid=aF7fB1PF0NPg&refer=home
--- headquarters for progressives such as
Matt
Yglesias. ---
http://yglesias.thinkprogress.org/archives/2009/03/the_world_desperately_needs_more_bill_kristol.php
--- The subject was the "Af-Pak" front, and the attendees,
whatever their other political differences, were in agreement that our
new president is on the right track as he escalates this latest surge
in the "war on terror." --
also
posted at AmericanEveryman
---
http://willyloman.wordpress.com/2009/06/01/the-war-party-returns/
For more on this issue see....9/11
- Planning Guidance ---
http://www.reficultnias.org/mikesfiles/weblists/911-planningguidance-weblist-mpg-040409
========== ========== ========== ========== ========== ==========
========== ====
Shortcut on the
Roadmap to War ---
http://www.ips.org/blog/jimlobe/?p=255
Special Note - Geopolitical
Analysis - War Prestitute Alert -- A quote...."Last Friday, The
New Republic’s website published a remarkable but thus far
little-noticed article by Michael Makovsky and Ed Morse. Makovsky is an
alumnus of Doug Feith’s Office of Special Plans and younger brother of
former Washington Institute for Near East Policy (WINEP) director David
Makovsky, while Morse is a former energy analyst for the now-defunct
Lehman Brothers. More to the point, both were key players behind last
year’s ultra-hawkish Bipartisan Policy Center (BPC) report on Iran’s
nuclear program, which Makovsky wrote with Michael Rubin and which was
characterized here as a “roadmap to war”. Perhaps even more
disconcerting than the report’s actual recommendations was the fact
that one of the task force members was Dennis Ross, who is now the
State Department’s special envoy in charge of Iran. The fact that Ross
signed off on the report, which seemed to take for granted the
necessity of military action against Iran, was yet another indication
that he was a poor choice to facilitate the Obama administration’s
diplomatic outreach to Tehran."
========== ========== ========== ========== ========== ==========
========== ====
Pro-Russian
Party Wins South Ossetia’s First Election ---
http://news.antiwar.com/2009/06/01/pro-russian-party-wins-south-ossetias-first-election/
A quote...."Declaring its independence last year in the wake of the
brief war between Georgia and Russia, the separatist enclave of South
Ossetia has held its first elections, and the Unity Party led by
President Eduard Kokoity carried by far the largest margin at 46.3%.
Their allies in the People’s Party came in second (22.5%), while the
Communist Party was close behind at third (22.3%)."
========== ========== ========== ========== ========== ==========
========== ====
El
Salvador's 1st leftist president takes power ---
http://news.yahoo.com/s/ap/20090601/ap_on_re_la_am_ca/lt_salvador_president
A quote...."SAN SALVADOR, El Salvador – A journalist from a party of
former Marxist guerrillas became El Salvador's first leftist president
Monday, immediately restoring ties with Cuba while promising to remain
friendly with the United States."
========== ========== ========== ========== ========== ==========
========== ====
A
Salvadoran resurrection ---
http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2009/06/01/a_salvadoran_resurrection/
Related Article - A quote...."AT THE Plaza Libertad today, inauguration
day of President Mauricio Funes, I will be thinking back to Feb. 28,
1977, when security forces opened fire there on hundreds of unarmed
civilians protesting a fraudulent presidential election. Less than a
week earlier, Oscar Romero, then considered a priest of the privileged,
had been installed as the archbishop of El Salvador."
========== ========== ========== ========== ========== ==========
========== ====
COLOMBIA:
Moving Towards a Paramilitary State? ---
http://www.ipsnews.net/news.asp?idnews=47037
A quote...."BOGOTA, May 29 (IPS) - Visibly indignant, former Colombian
president César Gaviria (1990-1994) denounced this week what he
called an "appalling" article in a draft political reform law currently
under debate in Congress."
========== ========== ========== ========== ========== ==========
========== ====
Lebanese
army colonel arrested on suspicion of spying for Israel
---
http://www.dailystar.com.lb/article.asp?edition_id=1&categ_id=2&article_id=102362
A quote...."BEIRUT: A Lebanese army colonel has been detained on
suspicion of spying for Israel, security sources said on Tuesday. The
sources said the colonel was arrested last week and was being
questioned about links to Israeli spy agencies. Lebanon's MTV
television identified the colonel as Mansour Diab from Akkar." --
also posted at Haaretz
--- http://www.haaretz.com/hasen/spages/1089536.html
========== ========== ========== ========== ========== ==========
========== ====
Halutz
confirms Nasrallah assassination plot ---
http://www.presstv.ir/detail.aspx?id=96743§ionid=351020203
A quote...."An Israeli general has verified that Israel failed in its
attempt to assassinate Hezbollah's secretary general during its second
war on Lebanon."
========== ========== ========== ========== ========== ==========
========== ====
Nasrallah's
Turn ---
http://www.palestinechronicle.com/view_article_details.php?id=15157
Special Note - A
quote...."Over the last decade and a half, Sayyid Hassan Nasrallah, the
secretary general of Lebanon's militant Shiite movement Hezbollah, has
steadily moved front and center in the often vitriolic (and regularly
under-informed) Western debate over the threat that 'radical Islam' is
said to pose to the world at large. -- Now, as Nasrallah appears ready
to lead what could be a new majority in the Lebanese Parliament, the
steady stream of accusations and threats have, somewhat predictably,
turned into a deluge – with Arab states, Arab media and prosecutorial
offices far and wide at the forefront of efforts to paint him as public
enemy Number One."
========== ========== ========== ========== ========== ==========
========== ====
Navy
Vet Honored, Foiled Israeli Attack ---
http://www.consortiumnews.com/2009/060109a.html
A quote...."What’s the difference between murder and massacre? -- The
answer is Terry Halbardier, whose bravery and ingenuity as a
23-year-old Navy seaman spelled the difference between the murder of 34
of the USS Liberty crew and the intended massacre of all 294. -- The
date was June 8, 1967; and for the families of the 34 murdered and for
the Liberty’s survivors and their families, it is a “date which will
live in infamy” — like the date of an earlier surprise attack on the
U.S. Navy."
========== ========== ========== ========== ========== ==========
========== ====
UN
War Investigators Arrive in Gaza
---
http://www.palestinechronicle.com/news.php?id=4148e001a00ea4f090a3ed963a2e5535&mode=details#4148e001a00ea4f090a3ed963a2e5535
A quote...."A United Nations team has arrived in the Gaza Strip to
investigate possible war crimes and other violations of international
law during Israel's assault on the territory earlier this year. -- The
15-member team, headed by Richard Goldstone, a South African judge,
entered the Gaza Strip through the Rafah crossing on Monday. -- The
team entered from Egypt after being denied visas to cross from Israel,
despite multiple requests by the UN."
========== ========== ========== ========== ========== ==========
========== ====
UN:
Israeli buffer zone eats up 30 percent of Gaza's arable land
--- http://www.csmonitor.com/2009/0601/p06s04-wome.html
A quote...."Gaza City, Gaza - Israel's warning came from the sky, as it
often does in the Gaza Strip. But this time warplanes dropped neither
bombs nor missiles on the impoverished Palestinian territory, but
thousands of tiny leaflets warning Gaza's residents to keep away from
the 30-mile-long border they share with Israel. -- Stay at least 300
meters (1,000 feet) from the border, the May 25 pamphlets advised
Palestinians, or risk being shot by Israeli Defense Forces (IDF). --
Once a plush scene of rolling olive, citrus, and pomegranate groves,
much of the border region is now just a barren landscape, marked only
by the presence of IDF tanks, military watchtowers, and the occasional
pop of gunfire."
========== ========== ========== ========== ========== ==========
========== ====
Rise
in bond yields poses major test for Fed ---
http://www.marketwatch.com/story/rise-in-bond-yields-a-test-for-fed?pagenumber=1
Financial Warning - A
quote...."WASHINGTON (MarketWatch) - Like students all around the
country at this time of the year, the Federal Reserve has been
presented with a major test when it will have to show some of what it
has learned and is thinking about this year. -- The Fed's test comes in
the form of rising long-term bond yields. Yields on 10-year notes, a
benchmark for a broad range of consumer and business loans, rose to the
highest in six months last week, far above levels seen a couple of
months ago, levels that many had hoped would help stimulate the
economy. -- Simply put, many economists fear the higher interest rates
will choke off growth."
========== ========== ========== ========== ========== ==========
========== ====
Rising
US bond yields may spark Credit Crisis II ---
http://www.infiniteunknown.net/2009/06/01/rising-us-bond-yields-may-spark-credit-crisis-ii/
Financial Warning - A
quote...."NEW YORK (Reuters) - The global financial crisis may morph
into a second, equally virulent phase where borrowing costs rise again,
hobbling an embryonic economic recovery, debilitating cash-strapped
banks, and punishing investors all over again."
Regarding the two articles
shown above -- There are NO FREE LUNCHES. - After seeing what happened
to GM bond holders, and watching the manic Fed pump like crazy, no one,
particularly the Chinese, wants to be caught at the long end of the US
bond market while the US greenback heads south in a hurry, possibly
over a cliff. – mpg
========== ========== ========== ========== ==========
========== ========== ====
Grand
Theft Auto: How Stevie the Rat bankrupted GM ---
http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/
Special Note - A
quote...."Screw the autoworkers. -- They may be crying about General
Motors' bankruptcy today. But dumping 40,000 of the last 60,000
union jobs into a mass grave won't spoil Jamie Dimon's day. -- Dimon is
the CEO of JP Morgan Chase bank. While GM workers are losing
their retirement health benefits, their jobs, their life savings; while
shareholders are getting zilch and many creditors getting hosed, a few
privileged GM lenders – led by Morgan and Citibank – expect to
get back 100% of their loans to GM, a stunning $6 billion."
also posted at Uruknet -
http://www.uruknet.com/?p=m54772&hd=&size=1&l=e
========== ========== ========== ========== ========== ==========
========== ====
Personal
Income Up, Spending Down
---
http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/ArticlePopup.aspx?ArticleId=NS20090601085806HeadlineHits
A quote...."The headlines for the Personal Income and Spending report
for April were better than expected, with income up 0.5% (consensus
-0.2%) and spending down 0.1% (consensus -0.2%). -- Disposable personal
income rose 1.1% thanks to a boost from the provisions of the American
Recovery and Reinvestment Act
that
reduced personal current taxes and increased government social benefit
payments." - bold by website editor
========== ========== ========== ========== ========== ==========
========== ====
ISM
Manufacturing [Still] Shows Contraction in May -
although this is the fifth consectutive
increase . - mpg
---
http://www.calculatedriskblog.com/2009/06/ism-manufacturing-shows-contraction-in.html
A quote...."Manufacturing contracted in May as the PMI registered 42.8
percent, which is 2.7 percentage points higher than the 40.1 percent
reported in April. This is the 16th consecutive month of contraction in
the manufacturing sector. A reading above 50 percent indicates that the
manufacturing economy is generally expanding; below 50 percent
indicates that it is generally contracting."
========== ========== ========== ========== ========== ==========
========== ====
U.S.
construction spending unexpectedly up in April -
This is actually good news....for a
change. - mpg
---
http://www.reuters.com/article/ousiv/idUSN0145628220090601
A quote...."WASHINGTON (Reuters) - U.S. construction spending
unexpectedly posted its biggest increase in eight months in April,
advancing for a second straight month as the private sector put money
into both residential and nonresidential projects, according to a
government report on Monday."
========== ========== ========== ========== ========== ==========
========== ===="[To the possessor of money
capital] “the process of
production appears merely as an unavoidable intermediate link, as a
necessary evil for the sake of money-making. All nations with a
capitalist mode of production are therefore seized periodically by a
feverish attempt to make money without the intervention of the process
of production.”— *Karl Marx*,
Capital, Volume II, “The Circuit of Money Capital”
At least half of the House of
Commons'
646 MPs will be swept away at the general election, as voters take
revenge on the political classes for the expenses scandal.
The departure of 325 members of
parliament as a result of forced resignations, retirement and defeat at
the polls would represent the biggest clear-out of parliament since
1945.
Nuremberg
set a valid precedent for trials of war-crime suspects in Iraq's
destruction ---
http://search.japantimes.co.jp/rss/eo20090526cc.html
A quote...."NEW YORK — The Nuremberg Principles, a set of guidelines
established after World War II to try Nazi Party members, were
developed to determine what constitutes a war crime. The principles can
also be applied today when considering the conditions that led to the
Iraq war and, in the process, to the deaths of hundreds of thousands of
people, many of them children, and to the devastation of a country's
infrastructure."
also posted at ICH
--- http://informationclearinghouse.info/article22719.htm
========== ========== ========== ========== ========== ==========
========== ====
U.S.:
"There's No Way I'm Going to Deploy to Afghanistan" ---
http://www.ipsnews.net/news.asp?idnews=46978
A quote...."If Agosto continues to refuse orders, he almost assuredly
will face court martial, and likely jail time. -- When IPS asked Agosto
if he is willing to take whatever consequences the Army is prepared to
mete out, he replied, "Yes. I’m fully prepared for this. I have
concluded that the wars [in Iraq and Afghanistan] are not going to be
ended by politicians or people at the top. They are not responsive to
the people, they are responsive to corporate America." -- Agosto added,
"The only way to make them responsive to the needs of the people is if
soldiers won’t fight their wars, and if soldiers won’t fight their
wars, the wars won’t happen. I hope I’m setting an example for other
soldiers."
also posted at CommonDreams
--- http://www.commondreams.org/headline/2009/05/26-8
& WarInIraq
--- http://www.iraq-war.ru/article/198040
& GlobRsrch
---
http://www.globalresearch.ca/index.php?context=va&aid=13745
========== ========== ========== ========== ========== ==========
========== ====
Holder
DROPS charges against GOP election-rigger ---
http://www.afterdowningstreet.org/node/43016
This nation (and that's using
the term quite loosely) has no accountability for prior actions by
anyone. If you're poor (guilty or not) you go to jail, if you're
rich (guilty or not) nothing happens to you. Of course that's
been the same old story for five thousand years of human history. But
the NeoLib-DemoRepub elites aren't even hiding their contempt for the
rule of law anymore or showing the slightest bit of restraint....and
neither are most of the "Amerikan" people. Trust this website
editor regarding this issue -- "This
is not a good sign of things to come". – mpg -- A
quote...."James Tobin ran the phone-jamming scheme in NH in 2002--the
election that John Sununu thereby "won." That also was the year that
Saxby Chambliss "won" in Georgia, Wayne Allard "won" in Colorado, and
Norm Coleman "won" in Minnesota (Paul Wellstone having perished in a
small plane crash just days before Election Day). That also was the
year, moreover, when Don Siegelman, who'd just won re-election as
Alabama's governor, was stealthily un-re-elected in the wee hours on
Election Night. -- So it was a very good election for the GOP, which,
through such victories, snatched back the Senate from the Democrats,
who briefly ruled it after Sen. James Jeffords had switched parties in
the spring. -- A real Attorney General would look into all of that, and
start by mounting a real probe of that phone-jamming operation in New
Hampshire (which Jack Abramoff had paid for with two checks from his
client, the Choctaw Indians)."
========== ========== ========== ========== ========== ==========
========== ====
IRS
tax revenue falls along with taxpayers' income ---
http://www.usatoday.com/money/perfi/taxes/2009-05-26-irs-tax-revenue-down_N.htm
A quote...."Federal tax revenue plunged $138 billion, or 34%, in April
vs. a year ago — the biggest April drop since 1981, a study released
Tuesday by the American Institute for Economic Research says. -- When
the economy slumps, so does tax revenue, and this recession has been no
different, says Kerry Lynch, senior fellow at the AIER and author of
the study. "It illustrates how severe the recession has been." -- For
example, 6 million people lost jobs in the 12 months ended in April —
and that means far fewer dollars from income taxes. Income tax revenue
dropped 44% from a year ago. -- "These are staggering numbers," Lynch
says. -- Big revenue losses mean that the U.S. budget deficit may be
larger than predicted this year and in future years." --
Uhhhhh.....YEAH!!! - mpg
========== ========== ========== ========== ========== ==========
========== ====
Home
sales rise 2.9%, boosted by bottom fishing - Prices drop 15.4% while
inventories continue to climb
---
http://www.marketwatch.com/story/home-sales-rise-29-boosted-by-foreclosures-200952710000
A quote...."Sales of existing homes have been roughly unchanged for six
months. -- Sales are rising in areas with the greatest price declines,
the same cities that were at the center of the earlier housing bubble,
the National Association of Realtors said. -- Most of the sales are
taking place in the low-end of the market, said Lawrence Yun, chief
economist for the NAR. --
By
contrast, sales of homes priced above $750,000 have collapsed, with an
inventory currently on the market equal to 40 months of sales.
The real estate group urged more help from the government to prop up
the high end by lowering interest rates on jumbo loans. They also urged
the Federal Reserve to buy securities backed by jumbo loans." -
bold/underline by website editor
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Mortgage
applications fell 14.2% last week: MBA -
But the week before they had a very large
jump - mpg
---
http://www.marketwatch.com/story/mortgage-applications-fell-142-last-week-mba
A quote...."CHICAGO (MarketWatch) -- Mortgage applications filed last
week fell a seasonally-adjusted 14.2% last week, compared with the week
before, as rates on 30-year fixed-rate mortgages ticked up, according
to the Mortgage Bankers Association's weekly survey, released on
Wednesday."
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Britain:
Job losses escalate across all sectors ---
http://wsws.org/articles/2009/may2009/jobs-m27.shtml
A quote...."Job losses in Britain continue to mount, with more large
companies announcing this month that thousands of jobs are to go. -- On
May 12, the Office for National Statistics (ONS) announced official
unemployment in the UK had increased by 244,000 for the last quarter
and had reached 2.2 million. The quarterly increase in the jobless rate
was the biggest since 1981. The total number of jobless is now at the
highest rate since 1996, the year before the Labour government came to
power."
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