World-News

World industrial production, trade, and stock markets are diving faster now than during 1929-30.

http://www.voxeu.org/index.php?q=node/3421&ref=patrick.net



Consumer borrowing plunges by $15.7B in April

The Federal Reserve said Friday the April decline was the second largest ever in dollar terms following March's drop of $16.6 billion. March's decline originally was reported as $11.1 billion, which had been the most on records dating to 1943.

http://snipurl.com/k05ap



Most banks still getting weaker, analysis shows

First-quarter reports show bad loans increasing at 60% of banks.
http://www.msnbc.msn.com/id/31193659/ns/business-us_business/



Dead Banks Walking

The Federal Deposit Insurance Corporation (FDIC) list of problem banks grew to 305 in the first quarter, the highest number since 1994, but of course the names of those banks are not released so that depositors can be forewarned.

http://mises.org/story/3507


From Information Clearing House



http://freepage.twoday.net/search?q=industrial+production
http://freepage.twoday.net/search?q=stock+market
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=bad+loans
http://freepage.twoday.net/search?q=Doug+French

The deal was concluded after Rahm Emanuel, the White House chief of staff, went to the Capitol to assure Senate Democrats that President Obama would use all administrative and legal means to prevent the photos' release. At the same time, a federal court issued a ruling effectively ensuring that the photos would not be released for months, if ever.

http://www.nytimes.com/2009/06/12/us/politics/12cong.html?_r=2&ref=global-home



More 'sickening' truths about torture soon to be revealed

Senator Sheldon Whitehouse (D-RI) recently warned in a speech on the floor of the Senate that almost everything we think we know about the Bush administration's torture program is wrong.

http://rawstory.com/08/news/2009/06/11/maddow-more-sickening/


From Information Clearing House



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Bush+legacy
http://freepage.twoday.net/search?q=Rahm+Emanuel
http://freepage.twoday.net/search?q=Sheldon+Whitehouse
http://freepage.twoday.net/search?q=torture
http://freepage.twoday.net/search?q=abuse+photos
http://freepage.twoday.net/search?q=military+spending

By Mike Whitney

Master illusionist Bernanke is just arranging the props for his next big trick. The fact is, Bernanke anticipated the current wave of deflation and set up a straw man (the banks) to deal with it so it wouldn't look like he was simply printing more paper to finance the deficits.

http://informationclearinghouse.info/article22817.htm



http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=deflation
http://freepage.twoday.net/search?q=finance+the+deficit
http://freepage.twoday.net/search?q=Mike+Whitney

By John W. Dean

There are, in fact, precedents, and studies, that illuminate the grave problems confronting a democracy in making a choice when faced with the options of prosecuting and punishing versus forgiving and forgetting. I discovered this material some years ago when studying authoritarian governance.

http://informationclearinghouse.info/article22814.htm



http://freepage.twoday.net/search?q=torture
http://freepage.twoday.net/search?q=authoritarian

http://www.lewrockwell.com/orig8/baldwin4.html



http://freepage.twoday.net/search?q=Bush+legacy
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Chuck+Baldwin
http://freepage.twoday.net/search?q=/baldwin

http://www.lewrockwell.com/shostak/shostak10.html

Our Vanishing Household Wealth
$1.3 Trillion Gone in the First Quarter, Thanks, Fed.
http://www.lewrockwell.com/spl/vanishing-household-wealth.html



http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=Frank+Shostak
http://freepage.twoday.net/search?q=/shostak
http://freepage.twoday.net/search?q=Tami+Luhby

http://www.lewrockwell.com/north/north720.html

US Crony Capitalism
http://www.lewrockwell.com/schiff/schiff26.1.html

The Frame of Mind of American Economic Policymakers
http://www.lewrockwell.com/orig6/faber7.1.1.html



http://freepage.twoday.net/search?q=capitalism
http://freepage.twoday.net/search?q=policymaker
http://freepage.twoday.net/search?q=property+rights
http://freepage.twoday.net/search?q=com/north
http://freepage.twoday.net/search?q=Peter+Schiff
http://freepage.twoday.net/search?q=/schiff
http://freepage.twoday.net/search?q=Marc+Faber
http://freepage.twoday.net/search?q=/faber

http://www.commondreams.org/view/2009/06/12-3



http://freepage.twoday.net/search?q=Afghanistan
http://freepage.twoday.net/search?q=civilian+deaths
http://freepage.twoday.net/search?q=Glenn+Greenwald

http://www.commondreams.org/video/2009/06/12



http://freepage.twoday.net/search?q=Gitmo
http://freepage.twoday.net/search?q=Guantanamo

http://www.commondreams.org/headline/2009/06/12-1



http://freepage.twoday.net/search?q=drone
http://freepage.twoday.net/search?q=casualties
http://freepage.twoday.net/search?q=Gareth+Porter