Headlines
Indian, Asian markets crash with markets down as high as 8.2%
August 9, 2011, 12:09 am EST - he market meltdown continued on Tuesday with the benchmark Sensex opening 500 points down. The Nifty slips below 5,000-mark for the first time since 2010. Japan's Nikkei 225 index plunged 4.4 per cent to 8,694.31 in the morning session, while Hong Kong's Hang Seng index plummeted 7.3 per cent to 18,998.51. South Korea's Kospi index plummeted 8.2 per cent to 1,716.05. ...
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Gold Surges Above $1,740 Per Ouce, Oil Plummets Below $75 Per Barrel
August 8, 2011, 11:52 pm EST - In the midst of the global financial meltdown and a run on Greek banks oil has dropped below $75 Per Barrel and Gold has spiked above $1,740 per ounce. ...
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There is a context to London's riots that can't be ignored
August 8, 2011, 11:50 pm EST - Those condemning the events in north London and elsewhere would do well to take a step back and consider the bigger picture. When you look at the figures for deaths in police custody (at least 333 since 1998 and not a single conviction of any police officer for any of them), then the IPCC and the courts are seen by many, quite reasonably, to be protecting the police rather than the people. ...
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Powerless police let the mob seize U.K. streets looting shops and starting fires in their wake
August 8, 2011, 11:47 pm EST - Violence and mayhem were spreading like wildfire through the capital last night with police apparently powerless to act. Scenes of mob rule became more terrifying by the minute as widespread arson and anarchy was added to the orgy of looting. ...
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490,000 are evacuated in China's Liaoning, Shandong provinces ahead of Typhoon Muifa - China Daily
August 8, 2011, 11:45 pm EST - About 490,000 people were evacuated in the worst-affected provinces of Liaoning and Shandong. In the southern part of Liaoning, about 130,000 people were evacuated and 39,000 fishing boats were called back to harbor. ...
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Worst August Start Ever: Wall Street Crashes Nearly 7% With Dow Shedding 634 Points
August 8, 2011, 11:43 pm EST - Wall Street Crash Marks Worst August Start Ever Gold Surges Over $1,720, The Dow Crashes 634 Points Losing 5.54%, The NASDAQ losing 6.9%, and the S&P; 500 losing 6.66%. ...
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Food Riot Fears Strike Japan After Rice Trading Halted Due To Radiation Contamination
August 8, 2011, 11:42 pm EST - Fears of food riots strike Japan after rice trading is halted due to a 40% price spike triggered by massive hoarding of the remaining radiation free rice supply. ...
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Japan Witheld Nuclear Meltdown Simulation Showing 18,000 Deaths And 55 Mile Dead Zone
August 8, 2011, 11:42 pm EST - Japan Withheld A Nuclear Meltdown Simulation Showing 18,000 Deaths From Acute Radiation Poisoning And 55 Mile Uninhabitable Radius Do To Fears It Would Damage The Nuclear Industry ...
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Anarchy In The UK: London Riots Sparked By Police Beating Of 16 Year Old Girl Enter 3rd Day
August 8, 2011, 11:41 pm EST - Great Britain Is In A State Of Complete Anarchy As Riots Sparked By The Beating Of A 16 Year Old Girl Enter The Third Day. ...
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Scrubbed Explosive London Riots BBC Interview: Violence Sparked By Police Beating 16 Year Old Girl
August 8, 2011, 11:41 pm EST - Scrubbed By Corporate Media Explosive Live BBC Interview With A Man Who Witnessed The Police Beating 16 Of A Year Old Girl That Sparked The London Riot Violence As It Happened ...
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London Riots Spread Across All Of England Into Liverpool And Birmingham Live Map, Video and Photos
August 8, 2011, 11:40 pm EST - Videos, Photos and Live Map Of Confirmed Locations Of The London Riots Which Have Now Spread Across England Reaching Birmingham and Liverpool. ...
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Hong Kong indexes down more than 6%, hitting 'bear' territory - MarketWatch
August 8, 2011, 10:51 pm EST - China Stocks officially hit bear territory as China's consumer inflation accelerates to 6.5% in July, vs. 6.4% in June ...
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Seoul shares crash 9.71 pct in late-morning trade
August 8, 2011, 10:50 pm EST - Seoul shares crash 9.71 after circuit breaker flipped on for 5 minutes, haling KOSPI trading, amid rapid selling. KOSPI was initially down 7.8% ...
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Multnomah County DA finds no "improper conduct" by Portland police in death of man in custody
August 8, 2011, 10:49 pm EST - Multnomah County DA finds no "improper conduct" by Portland police in death of man in custody ...
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Censhorship Propaganda Alert: The Role of Social Media During the London Riots
August 8, 2011, 9:19 pm EST - All day the media has been awash with claim and counter-claim that one form of social media or another fueled the London riots. Twitter and Facebook, which one day are the champions of liberty and social justice when used by protestors in the Middle East, suddenly become the harbingers of anarchy in the U.K. ...
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#LondonRiots Spread To #LiverPoolRiots story in full, with picture gallery and video
August 8, 2011, 8:49 pm EST - HUNDREDS of rioters have torched cars and attacked police in Liverpool. In scenes reminiscent of the shocking scenes taking place in London, police came under fire from bottles, stones and fireworks. A roaming mob of hundreds of people took control of the top of Smithdown Road and Lodge Lane, setting fire to vehicles, before moving towards the city centre. ...
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#LondonRiots Spread To #LiverPool story in full, with picture gallery and video
August 8, 2011, 8:47 pm EST - HUNDREDS of rioters have torched cars and attacked police in Liverpool. In scenes reminiscent of the shocking scenes taking place in London, police came under fire from bottles, stones and fireworks. A roaming mob of hundreds of people took control of the top of Smithdown Road and Lodge Lane, setting fire to vehicles, before moving towards the city centre. ...
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Dow drops 450 points, falling below 11,000 for first time since last November, as sell-off extends
August 8, 2011, 2:12 pm EST - U.S. stocks plunged sharply Monday as fearful investors faced the news that the United States had lost its coveted "AAA" credit rating. All three major U.S. stock indexes were down between 4% and 5% in early afternoon trading, adding to brutal losses last week. Stocks are now down 14% during the past two weeks. ...
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Bank Of America In Freefall - Stock Now Trading Down 17%
August 8, 2011, 2:05 pm EST - It's getting ugly. Bank of America needs about $100 billion to avoid bankruptcy and the market is finally waking up to this reality, and the stock is tanking today. ...
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Here Comes TARP 2: Bank Of America Implodes, At $6.87, BAC CDS Up 20% To 260 bps As Bankruptcy Contemplated
August 8, 2011, 2:05 pm EST - With Bank of America investors finally realizing it is game over for the company as a going concern, at this point there are just two options for Brian Moynihan: the spin off of CFC as a bad bank, backstopped by the Fed, or, well, Chapter 11, which for a bank is essentially liquidation (and with CDS trading up 50 bps to 260 a bankruptcy seems increasingly inevitable). ...
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Muni Market Prepares for Loss of AAA Ratings as Standard and Poors Downgrades U.S. Credit
August 8, 2011, 2:04 pm EST - Standard and Poors plans to release later today reports on asset classes, including municipal bonds, affected by the companys Aug. 5 downgrade of the U.S., said John Chambers, head of Standard and Poors sovereign ratings committee. ...
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REVENGE -Standard and Poor's Downgrades Warren Buffett
August 8, 2011, 2:03 pm EST - Serves him right. ...
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UK police arrest over 200 as London riots continue
August 8, 2011, 2:02 pm EST - LONDON (AP) British Home Secretary Theresa May says the number of people arrested in rioting in London has reached 215. The unrest was sparked by a police shooting, but some blamed unemployment, insensitive policing and opportunistic looting for the worst violence the city has seen in years. ...
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Oklahoma City hit with DANGEROUS RADIATION levels from Rain on Aug 6th 2011
August 8, 2011, 1:38 pm EST - I'm glad a few of you have decided to purchase the SOEKS Geiger counter as we all now know that our Gov's aren't doing the job they should be doing to protect us from this Global ...
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Breaking: Asia Markets Follow Dow Futures 300 Point Crash With Japans Nikkei Index Falling 1.1%
August 7, 2011, 8:49 pm EST - Asia markets opened at 8:00 PM and followed in the Global Stock Sell-off with Japans Nikkei index falling 1.1%. ...
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Report: London Riots Violence Sparked By 15 Police Officers Beating 16 Year Old Girl
August 7, 2011, 7:38 pm EST - Eyewitnesses tell the Daily Mail peaceful protests in London turned violent after 15 police officers began beating a 16 year old girl with their shields. ...
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Tottenham London Riots Spread Into Brixton, Enfield - Evidence Emerges Cops Planted Bullet
August 7, 2011, 7:27 pm EST - Looting is going on in Brixton, unhindered by the police, according to the Guardian's Matt Taylor. Trouble spreads to Enfield and this time it was organised. Police claims of man killed by police fired gun called into question as ballistics show second bullet was owned by the police. ...
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European Central Bank to buy Italian, Spanish bonds to stop contagion
August 7, 2011, 7:19 pm EST - Reuters reports that Germany and France Will Put Taxpayers on the hook to bailout Italy's 2.5 trillion debt ...
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New Zealand Markets Down As Far As 6.3 per cent
August 7, 2011, 7:17 pm EST - The NZX-50 has fallen 2.1 per cent on opening. Wrightson has lead the market down falling 6.3 per cent: http://t.co/egJo88a ...
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Eight dead, including gunman, in Ohio shooting spree
August 7, 2011, 7:14 pm EST - Seven people, including an 11-year-old child, were shot and killed in a small town in northeastern Ohio on Sunday in a rampage that ended when police killed the suspected gunman, authorities said. ...
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Fears of more violence after worst London riots in years
August 7, 2011, 1:51 pm EST - 11:16am EDT| Video ...
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ECB eyes decision on Italy bond purchase to ease debt crisis
August 7, 2011, 1:49 pm EST - Reuters) - The European Central Bank will decide on Sunday evening whether to buy Italian government bonds to try to speed up cuts in euro zone debt, ECB sources said as global leaders conferred by phone on the twin financial crises in Europe and the United States. ...
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Pentagon cyber program to fund hacker innovation
August 7, 2011, 1:48 pm EST - (Reuters) - A hacker-turned-defense official, decrying the government's slowness to change, rolled out a new program on Thursday that would enable the Pentagon to more quickly fund hackers to tackle its tough cybersecurity challenges. ...
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Will It Take a Second Revolution to Get The Wealthy to Pay Higher Taxes?
August 7, 2011, 7:04 am EST - In 1786, just ten years after the American Revolution, a large group of debt-ridden farmers rose up against local government and the wealthy businessmen who sought to maximize profits from their investments in our new country. Small farmers were losing their income and property to a few dozen powerful landowners. Ironically, "Shay's Rebellion" scared the founding fathers into lobbying for a stronger government against the threat of unrestrained democracy. ...
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Corrupt Supreme Court justices are abusing their power
August 7, 2011, 7:03 am EST - "The one branch of our national gov't that was intentionally designed by the Founders to set the rule of law above politics has been turned into another political front group to advance corporate rule." ...
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Cancer-stricken Ground Zero worker has finally received a compensation check -- for zero dollars
August 7, 2011, 7:02 am EST - Cancer-stricken Ground Zero worker has finally received a compensation check -- for zero dollars ...
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Twitter Petition to add Al Franken to the Senate Super Congress
August 7, 2011, 7:01 am EST - 1 of the Other 98% who don't own a staff of lobbyists/politicians to write laws for my personal benefit. Strong supporter of USuncut & MoneyOuttaPolitics.org http://other98.org ...
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London riot intensifying (thelede.blogs.nytimes.com)
August 7, 2011, 7:00 am EST - Anarchy gripped parts of London on Saturday night as hundreds of rioters and looters set entire buildings on fire, launched fireworks at police and ran unchallenged through the streets with armfuls of stolen goods. ...
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Bill Gates and Warren Buffet on Taxing Rich People
August 7, 2011, 6:59 am EST - Warren Buffet and Bill Gates discuss why a flat tax would be a mistake, how taxes on the wealthiest Americans are too low, and how the tax system has been tipped totally in favor of the wealthy. From a 2005 program on Nebraska public television. ...
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Speaking Of "Credibility", Here Is The CBO's 2001 Forecast Which Predicted Negative $2.5 Trillion Net Debt In 2011
August 7, 2011, 6:48 am EST - While we reserve judgment for S&P;'s effectiveness at being accurate in anything they do (they are, after all a rating agency and as such they goal seek results to comply with what their paying groupthink seeking customers demand), we would like to redirect to the modest topic of CBO predictive efficiency (the organization that is at the basis of the current credibility spat between Treasury and S&P;, and which, incidentally has created the baseline forecast against which the debt ceiling compromi ...
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The Official Calls For Change Roll In: "Fire Geithner"
August 7, 2011, 6:47 am EST - The first official demand for a change at the top as a result of the S&P; downgrade has come in, courtesy of Indiana State Treasurer Richard Mourdock, who has just demanded the head of the most incompetent and tax evading Treasury Secretary in US history, on a silver platter. "President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury because s ...
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Goldman Cuts S
August 7, 2011, 6:47 am EST - Like clockwork, the Wall Street reactionaries confirm that when it comes to predicting the future, and/or actually having a proactive stance, one better look elsewhere. In responde to last week's 10% correction, first Goldman's economics team downgrades the economy and floats its demands for the SS QE3, next its FX teams downgrades the USD, and finally Joseph Cohen replacement David Kostin cuts his price target on the S&P.; ...
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The damning of Tony Blair: Former PM to be held to account on Iraq in Chilcot report on war Read more: http://www.dailymail.co.uk/news/article-2020625/Iraq-inquiry-Tony-Blair-held-account-Chilcot-report-war.html#ixzz1UL4I8GSO
August 7, 2011, 6:46 am EST - * Iraq war deal 'signed in blood' by former Prime Minister * Cabinet members kept in the dark in build-up to the war * 'Obvious failings' in post-war planning The Mail on Sunday has been told that the former Prime Minister will be held to account on four main failings: Bogus claims that were made about Saddam Husseins weapons of mass destruction. Not telling the British public about his secret pledge with George Bush to go to war. Keeping the Cabinet in the dark by his sofa g ...
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Collapse: It Will Be Sudden and Very Painful
August 7, 2011, 6:45 am EST - The economy will not, contrary to the opinion of our government and the presstitutes who promote their agendas, recover in a few months. Were in this for the long haul, as in years and decades not weeks or months, and all of us will soon learn what TEOTWAWKI means. In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world. Read more: http://www.politico.com/news/stories/0811/60803.html#ixzz1UL3U2uTe ...
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Rise of the Mob: Wisconsin Fairgoers Attacked, Violently Beaten
August 7, 2011, 6:45 am EST - While some may argue that a mob cannot be stopped, consider that it may be made up of tens or hundreds of individuals, but not many of them know each other. And even if they do, we are hard pressed to believe that they have any loyalty to each other if bullets start flying. In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world. Read more: http://www.politico.com/news/stories/0811/60803.html#ixzz1UL3U2uTe ...
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History In the Making U.S. DEBT DOWNGRADED Should We Panic?
August 7, 2011, 6:44 am EST - These will be times that try our souls, our minds, perhaps even our existence. We urge our readers to remain vigilant and to continue preparing. We are entering a period of great turbulence, and its better to be prepared years in advance than to be a day late. In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world. Read more: http://www.politico.com/news/stories/0811/60803.html#ixzz1UL3U2uTe ...
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The $1 Billion Armageddon Trade Placed Against the United States Bond Market
August 7, 2011, 6:43 am EST - Jack Barnes writes : Someone dropped a bomb on the bond market Thursday - a $1 billion Armageddon trade betting the United States will lose its AAA credit rating. In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world. Read more: http://www.politico.com/news/stories/0811/60803.html#ixzz1UL3U2uTe ...
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Quartzsite Police Chief Calls Oath Keepers and Tea Party Terrorists and Reports them to the FBI
August 7, 2011, 6:43 am EST - According to two confirmed eye witnesses, Quartzite Chief of Police Jeff Gilbert referred to the Oath Keepers, the Greater Phoenix Tea Party, and the Sons of Liberty Riders as terrorists during a public coffee with the Chief meeting on August 3, 2011. Reportedly, Chief Gilbert made the reference while discussing the upcoming August 27, 2011 rally that will be carried out by Oath Keepers, the Greater Phoenix Tea Party, and the Sons of Liberty Riders, telling the audience I take these terr ...
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S
August 7, 2011, 6:42 am EST - ne day after lowering the nations platinum triple-A credit rating, Standard & Poors analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement. Read more: http://www.politico.com/news/stories/0811/60803.html#ixzz1UL3U2uTe ...
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Obama’s Final Loophole: The Homeland Security “Catastrophic Emergency�? Clause?
August 4, 2011, 6:54 pm EST - By Tyler Durden ZeroHedge July 30, 2011 Politico’s Ben White has pointed out something interesting, namely that while the 14th Amendment may or may not be practical under the current situation (especially not without a full blown constitutional crisis), one potential loophole that Obama may have comes from none other than former president Bush, in the form of the Homeland Security Presidential Directive-20, one which deals with such trivia as “Cata ...
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