Archive for May, 2009
Faber: U.S. Inflation to Approach Zimbabwe Level
May 28th, 2009Via: Bloomberg: The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said. Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent […]
IRS Tax Revenue Plunged 34%
May 27th, 2009Via: USA Today: 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 […]
Russia Fears Korea Conflict Could go Nuclear
May 27th, 2009Via: Reuters: Russia is taking security measures as a precaution against the possibility tension over North Korea could escalate into nuclear war, news agencies quoted officials as saying on Wednesday. Interfax quoted an unnamed security source as saying a stand-off triggered by Pyongyang’s nuclear test on Monday could affect the security of Russia’s far eastern […]
CIA Briefers Regularly Mislead Hill Intelligence Panels, Ex-Spy Charges
May 27th, 2009This has only been standard operating procedure for about the last 62 years. Via: Congressional Quarterly Politics: A former deep-cover CIA operative says the spy agency’s congressional briefers routinely shade the truth or hide facts altogether from congressional overseers. “They mumble, they dissemble, and there’s a lot of ‘on the one hand . . .’” […]
Supreme Court: Suspects Can be Interrogated Without Lawyer
May 27th, 2009Via: AP: The Supreme Court on Tuesday overturned a long-standing ruling that stopped police from initiating questions unless a defendant’s lawyer was present, a move that will make it easier for prosecutors to interrogate suspects. The high court, in a 5-4 ruling, overturned the 1986 Michigan v. Jackson ruling, which said police may not initiate […]
Plane Crash Kills Hedge Fund Co-Founder Along with Entire Family
May 27th, 2009Via: Reuters: A private plane crashed in Brazil’s northeastern state of Bahia, killing 14 people, including four children, the Brazilian air force said on Saturday. The twin-engine plane was coming from Sao Paulo and crashed late on Friday about 450 miles from Salvador in Bahia state, near a luxury resort. An air force spokesman said […]
CIA’s In-Q-Tel invests in Sonitus Medical: Device Transmits Sound to Via Teeth
May 27th, 2009Via: Washington Business Journal: Sonitus Medical Inc., a business working on a hearing aid that uses the teeth, got an investment from In-Q-Tel, an investment firm started by the CIA. San Mateo, Calif.-based Sonitus didn’t say how much money In-Q-Tel invested. Led by CEO Amir Abolfathi, Sonitus is making an in-the-mouth hearing aid that transmits […]
Children Who Get Flu Vaccine Have Three Times Risk Of Hospitalization For Flu, Study Suggests
May 27th, 2009Via: Science Daily: The inactivated flu vaccine does not appear to be effective in preventing influenza-related hospitalizations in children, especially the ones with asthma. In fact, children who get the flu vaccine are more at risk for hospitalization than their peers who do not get the vaccine, according to new research that will be presented […]
North Korea Threatens Armed Strike, End to Armistice
May 27th, 2009Via: Bloomberg: North Korea threatened military action in response to South Korea joining a program to seize weapons shipments, and said it’s no longer bound by the 1953 armistice that ended the Korean War. South Korea’s actions are tantamount to a “declaration of war,” the official Korean Central News Agency said in a statement today. […]
China Warns Federal Reserve Over ‘Printing Money’
May 26th, 2009Via: Telegraph: China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed’s direct purchase of US Treasury bonds. Richard Fisher, president of the Dallas Federal Reserve Bank, said: “Senior officials of the Chinese government grilled me about whether or not we are going to monetise the […]
