Infinite Unknown

Ehud Olmert

Obama won’t rule out Iran strike

Presumptive Democratic nominee Sen. Barack Obama (D-IL) purportedly told House Democrats in a private meeting Tuesday that Israel may strike Iran if sanctions on the country fail to prevent development of nuclear technology.

According to an attendee who spoke to ABC News’ Jake Tapper, Obama quipped, “Nobody said this to me directly but I get the feeling from my talks that if the sanctions don’t work Israel is going to strike Iran.”

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Tags: Barack Obama, Bush administration, Condoleezza Rice, ehud, Ehud Barak, Government, Iran, Israel, Nuclear weapons, Robert Gates, U.S.

AP photo / Brennan Linsley
Members of the Iranian resistance group Mujahadeen-e Khalk, or MEK, guard a road leading to the group’s main training camp, watched over by a U.S. Army Abrams tank in background, near Baqubah in north-central Iraq.

Acts of War

By Scott Ritter

The war between the United States and Iran is on. American taxpayer dollars are being used, with the permission of Congress, to fund activities that result in Iranians being killed and wounded, and Iranian property destroyed. This wanton violation of a nation’s sovereignty would not be tolerated if the tables were turned and Americans were being subjected to Iranian-funded covert actions that took the lives of Americans, on American soil, and destroyed American property and livelihood. Many Americans remain unaware of what is transpiring abroad in their name. Many of those who are cognizant of these activities are supportive of them, an outgrowth of misguided sentiment which holds Iran accountable for a list of grievances used by the U.S. government to justify the ongoing global war on terror. Iran, we are told, is not just a nation pursuing nuclear weapons, but is the largest state sponsor of terror in the world today.

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Tags: Abu Dhabi, black ops, China, CIA, Condoleezza Rice, Defense Department, FBI, Government, Iran, Israel, Joint Economic Committee of Congress, Military, Nuclear weapons, Russia, U.S., Uranium, War

And because of this Wall Street is celebrating today, but not for long.
Before: Fed: No more bailouts, except Fannie Mae and Freddie Mac
And now the Fed wants to bailout Wall Street?
The taxpayer will pay for it all.
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WASHINGTON (AP) – The Federal Reserve said Wednesday it is extending its emergency borrowing program to Wall Street firms and is taking other steps to ease a severe credit crunch that has hobbled the national economy.

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Tags: Bailout, Credit Crisis, Credit Crunch, ECB, Economy, Euro, Fed, Federal Reserve, Mortgage crisis, Mortgages, Swiss National Bank, Treasury, Wall Street

(NaturalNews) The major cattle cloning companies in the United States have admitted that they have not bothered to try and keep meat from the offspring of clones out of the U.S. food supply, in spite of a request by the FDA several years ago.

“This is a fairy tale that this technology is not being used and is not already in the food chain,” said Donald Coover, who owns a specialty cattle semen business. “Anyone who tells you otherwise either doesn’t know what they’re talking about, or they’re not being honest.”

Coover admitted that for several years, he has been openly selling semen from cloned bulls. He is sure, he added, that others are doing the same.

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Tags: Beef, Cloning, FDA, Food, food supply, Health, U.S., USDA

MOSCOW, July 28 (Reuters) – Russia has approximately halved to less than $50 billion its exposure to U.S. mortgage lenders Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), a senior central bank official told Reuters on Monday. “It’s now less than $50 billion,” central bank first deputy chairman Alexei Ulyukayev said, when asked about Russia’s investments in the agencies.

Russia held about $100 billion at the start of 2008. (Reporting by Yelena Fabrichnaya, writing by Robin Paxton)

Mon Jul 28, 2008

Source: Reuters

Tags: Fannie Mae, Freddie Mac, Mortgage crisis, Mortgages, Russia, U.S.

Matt Jackson of the Meals On Wheels program waits to deliver a meal to a home in Charleston, W.Va. The program is losing volunteer drivers nationwide because of rising gas prices.

Bankruptcies soar as retirees, agencies struggle to keep up with rising costs

Bob Emily put in an honest day’s labor every day of his life.

“I worked for the railroad, for the town marshal, security, bars, Sealy down here, UPS,” said Emily, 82, of Commerce City, Colo. “Worked hard all my life until I got sick.”

Then the bills started piling up.

“Hospital bills built up,” said Emily, who didn’t have health insurance. “I had to get loans to take care of my bills. Then I was getting behind on the loans.”

Every day, more calls and letters would come in from creditors and collectors. “I just got tired of it,” Emily said, so three months ago, he filed for bankruptcy.

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Tags: Bankruptcy, Economy, Food Prices, Government, health insurance, Labor Department, Retirement, U.S.

With little cash and import prices rocketing half the population faces starvation

In Cité Soleil, one of Port-au-Prince’s worst slums, making the clay-based food is a major income earner. Mud cakes are the only inflation-proof food available to Haiti’s poor. Photograph: David Levene

At first sight the business resembles a thriving pottery. In a dusty courtyard women mould clay and water into hundreds of little platters and lay them out to harden under the Caribbean sun.

The craftsmanship is rough and the finished products are uneven. But customers do not object. This is Cité Soleil, Haiti’s most notorious slum, and these platters are not to hold food. They are food.

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Tags: Afghanistan, Environment, Food, Food Prices, Food Riots, Food shortages, Haiti, malnutrition, nutrition, Pregnancy, slums, starvation, U.N.

Its name somewhat anachronistically means “assembly of old men.” George Washington famously – and, it must now be admitted, with excessive optimism – characterized it as an institutional saucer intended to cool legislation passed in the intemperate heat of the moment. Its members demand, with entirely unwarranted self-approval, to be called, collectively, the World’s Greatest Deliberative Body.

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Tags: Bailout, Bank Failure, Banking, Congress, Dollar, Economy, Fannie Mae, Fascism, FDIC, Fed, Federal Reserve, Freddie Mac, Government, Henry Paulson, IndyMac, Middle Class, Mortgage crisis, Mortgages, Politics, Ron Paul, U.S., Wachovia, Wall Street Journal, Washington Mutual

PAKISTAN’S Prime Minister lashed out at George W. Bush during talks in Washington yesterday, “reproaching” the US President over a US Hellfire drone missile strike inside Pakistani territory only hours before the leaders met.

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Tags: Afghanistan, Al-Qaeda, Al-Qaida, Bush administration, George Bush, Government, Missiles, NATO, Pakistan, Terrorism, Terrorists, U.S., War

The International Monetary Fund says there’s no end in sight to the credit crisis gripping world financial markets.

As Australia’s NAB and ANZ have already discovered, the IMF believes banks are in for more pain as mortgage defaults soar and economies slow. The IMF has a particularly gloomy assessment of the US economy, and it came on the same day as the Bush administration revealed America’s budget deficit will climb to a record high of more than half-a-TRILLION dollars.

Speaker: Michael Rowland
Speakers: Jaime Caruana, head of the IMF’s capital markets division; Doug Peta, a market strategist with J and W Seligman; Jim Nussle, White House budget director Continue reading »

Tags: Bank Failure, Bush administration, Debt, Economy, Financial Crisis, IMF, Mortgage crisis, Mortgages, National Australia Bank, U.K., U.S.