Archive for News Stories

Greenspan Says U.S. May Soon Reach Borrowing Limit

Jun 18, 2010 No Comments

Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift” in fiscal policy to contain borrowing.

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Obesity leading cause of higher health care costs

Jun 15, 2010 No Comments

America is the fattest nation in the history of the world leading with 30.6% of the total U.S. population considered overweight or obese.

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Iranian “aid ships” head for Gaza

Jun 15, 2010 No Comments

One Iranian ship left port on Sunday and another will depart by Friday, loaded with food, construction material and toys, the report said. The boats would be part of international efforts to break Israel’s isolation of the Gaza Strip.

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D.C. Deals with Unions prevented quicker oil spill response?

Jun 15, 2010 No Comments

U.S. ships are being outfitted with Dutch skimming booms that can process 5 million gallons of water a day, removing 20,000 tons of oil and sludge. At that rate, how much more oil could have been removed from the Gulf during the past month?

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Environmentalists give Barack Obama a pass on oil spill

Jun 12, 2010 No Comments

Politico reports that it seems, environmentalists were finally ready to let loose on President Barack Obama over the Gulf oil spill.

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U.S.’s $13 Trillion Debt Poised to Overtake GDP

Jun 07, 2010 No Comments

President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”

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Statistical manipulation yields a net increase of 20,000 new jobs.

Jun 04, 2010 No Comments

Today, President Obama heralded the creation of 431,000 new jobs. He neglected to mention that 411,000 of those jobs add no value to the economy, build no wealth, and represent statistics manipulation to create the tele-prompted headline. The stock market was able to disseminate the figures that didn’t make it into the President’s speech, and quickly responded by tumbling over 300 points.

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Stressed Facebook CEO Has ‘Nixon’ Moment

Jun 04, 2010 No Comments

Watch Facebook chief executive Mark Zuckerberg as he fields questions during an interview at the D: All Things Digital conference. The interview was reminiscent of the infamous Frost/Nixon interviews. Zuckerberg resembled a burger under a heat lamp as he sweated profusely while being questioned about recent privacy failures.

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