News and Information // Current

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Cannibals nabbed selling corpse to kebab house

MOSCOW (Reuters) - Russian police have arrested three homeless people suspected of eating a 25-year-old man they had butchered and... more

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Things could get ugly fast. With the Democrats backing-off on a second round of stimulus, the Fed signaling an end to quantitative easing, and Obama moaning about rising deficits; there's a good chance that the stumbling recovery could turn into another sharp plunge. Bank lending is shrinking, consumers spending is off, housing prices are falling, unemployment is soaring and the wholesale credit markets are in a shambles. This isn't the time to slash government support in the name of "fiscal responsibility". Obama needs to ignore the gloomsters and alarmists and pay attention to the Nobel laureates like Joe Stiglitz and Paul Krugman. They're the guys who know how to steer the ship to safe water.

But there are troubling signs that Obama has joined the ranks of the deficit hawks and is planning a policy-reversal that will pitch the economy into a nosedive. Here's what he said on his tour through Asia:

"I think it is important to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession."

So it's true. Obama has aligned himself with the faux-prophets and dollar demagogues who think that the end is nigh. But trimming the deficits now (when they should be expanding) will lead to a viscous cycle of debt deflation that will push-down asset prices, increase defaults, force more layoffs, slow consumer spending, lower earnings and send the economy into a downward spiral. The president is paving the way to a double-dip recession, a slump that could be worse than the first.

Has Obama perused the jobless figures lately? Has he noticed the Fed shoving more than a $1 trillion under the collapsing housing market with no sign of improvement? Has anyone told our blinkered accountant-in-chief that the entire financial system is propped-up with $11.4 trillion of dodgy scaffolding that could buckle in the first big gust?

Obama has either taken leave of his senses or he's spending too much time listening to the cheerless Jeremiahs on the Internet. He needs break their spell and seek the counsel of the experts who get paid to crunch the numbers---real economists. Cutting government spending and raising taxes--the two ways that deficits are paid off--is the fast-track to disaster. Don't go there.

If Obama needs more proof that the economy is still flatlining, he should thumb through Fed chair Ben Bernanke's speech to the Economic Club of New York which was delivered on Tuesday. The presentation was a sobering snapshot of lingering depression with precious few glimmers of light. Here's an excerpt:

"The flow of credit remains constrained, economic activity weak, and unemployment much too high. Future setbacks are possible....How the economy will evolve in 2010 and beyond is less certain....

Access to credit remains strained for borrowers who are particularly dependent on banks, such as households and small businesses. Bank lending has contracted sharply this year, and the Federal Reserve's Senior Loan Officers Opinion Survey shows that banks continue to tighten the terms on which they extend credit for most kinds of loans...

Household debt has declined in recent quarters for the first time since 1951. For their part, many small businesses have seen their bank credit lines reduced or eliminated, or they have been able to obtain credit only on significantly more restrictive terms. The fraction of small businesses reporting difficulty in obtaining credit is near a record high, and many of these businesses expect credit conditions to tighten further.Things could get ugly fast. With the Democrats backing-off on a second round of stimulus, the Fed signaling an end to quantitative... more

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2 years ago

Fox News

another perspective

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3 days ago

Israel defies US demands to stop building in Jerusalem

By Ben Hubbard in Jerusalem

Thursday November 19 2009

Israel pressed ahead with work on a new housing complex for Jews in east Jerusalem yesterday, brushing off President Barack Obama's criticism that construction in the disputed part of the holy city undermines efforts to relaunch Middle East peace talks.

Israel defied American, European and Palestinian demands to stop settlement activity by announcing it will press forward with construction of 900 apartments in another Jewish area in east Jerusalem.

Speaking in Beijing yesterday, Mr Obama criticised the plan to build hundreds of homes in Jerusalem's Gilo neighbourhood, saying such moves make it harder to achieve peace in the region and embitter the Palestinians in a way he said could be dangerous.

The Palestinians claim the West Bank and east Jerusalem -- areas captured by Israel in the 1967 Middle East war -- for their hoped-for state and have refused negotiations until Israel stops settlement construction in these areas. The Palestinians say the continued growth of settlements on land they claim will make it impossible for them to establish a viable country.

The Israeli government declined to respond to Mr Obama's comments. But earlier in the day, Foreign Minister Avigdor Lieberman said Israel had no intention of stopping the Gilo construction.

The future of east Jerusalem is the most intractable issue in the Israeli-Palestinian conflict. The area includes Jerusalem's walled Old City -- home to Jewish, Christian and Muslim holy sites. Israel annexed east Jerusalem immediately after the 1967 war and claims the city as its eternal capital. The annexation was never recognised by other countries.

Tensions

Speaking in parliament yesterday, Prime Minister Benjamin Netanyahu did not address the tensions with the US. Instead, Mr Netanyahu reiterated his call for an immediate resumption of peace talks and criticised the Palestinians for refusing to return to the table.

As he spoke, however, Israel faced a growing torrent of international criticism. The EU expressed "dismay" over the Gilo project. It said that settlement activity, demolition of Palestinian homes in east Jerusalem and evictions of Palestinian families from contested properties, undermined negotiations and "threatened the viability of a two-state solution".

In the West Bank, Palestinian negotiator Saeb Erekat welcomed the international criticism. He said the Gilo project "provides 900 more reasons why hopes for salvaging the two-state solution and restarting genuine negotiations are rapidly fading, and why Israel is not a partner for peace".By Ben Hubbard in Jerusalem Thursday November 19 2009 Israel pressed ahead with work on a new housing complex for Jews in... more

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3 days ago

New guidelines push back age for Pap smears

CHICAGO (Reuters) - Women in the United States should start cervical cancer screening at age 21 and most do not need an annual Pap smear, according to new guidelines issued on Friday that aim to reduce the risk of unnecessary treatment.

The guidelines from the American College of Obstetricians and Gynecologists or ACOG now say women younger than 30 should undergo cervical cancer screening once every two years instead of an annual exam. And those age 30 and older can be screened once every three years.

The recommendations are based on scientific evidence that suggests more frequent testing leads to overtreatment, which can harm a young woman's chances of carrying a child full term.

"Overtreatment of minor abnormal pap tests in young women and adolescents can lead to consequences such as preterm labor in some cases. It increases the risk," said Dr. Thomas Herzog of Columbia University in New York, who is chairman of an ACOG subcommittee on gynecologic cancers.

"Preterm delivery has become a huge problem in the United States that has potential serious consequences for the unborn fetus," said Dr. Jennifer Milosavijevic, a specialist in obstetrics and gynecology at Henry Ford Health System in Detroit, who supports the guideline changes.

AVOIDING UNNECESSARY PROCEDURES

"These new guidelines will allow us to avoid doing unnecessary procedures on the sexually active adolescent female," she said in an e-mail.

The guidelines are unlikely to be met with the kind of rebellion that accompanied new breast cancer screening guidelines this week, which were largely based on computer projections, Dr. Len Lichtenfeld, deputy chief medical officer of the American Cancer Society, said in a telephone interview.

"There is a lot more agreement about the science of cervical cancer screening," Lichtenfeld said.

Prior recommendations called for annual cervical cancer screening to start three years after a women first becomes sexually active, or by age 21. Although the rate of HPV infection is high in this population, rates of cervical cancer are very low.CHICAGO (Reuters) - Women in the United States should start cervical cancer screening at age 21 and most do not need an annual Pap... more

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3 days ago

President Obama's approval rating drops below 50%

WASHINGTON (Reuters) - President Barack Obama's job approval rating has dropped below 50 percent in a second major poll in an... more

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3 days ago

Ex-Smoker Wins Against Philip Morris

Legal experts predict that thousands of tobacco lawsuits could gain momentum in Florida after a Fort Lauderdale jury ordered... more

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3 days ago

Madison Leuchtmann: Girl Denied Insurance Coverage On Verge Of Losing Her Hearing (VIDEO)

As a result of being denied insurance coverage, a six-year-old child in Missouri may never be able to hear again. Fox2Now in... more

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3 days ago

Citigroup Credit Cardholders Will See Rates Jump -- Unless They Spend

For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly... more

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4 days ago

Schumer: Public Option Will Prevail in the Senate

As Senators Ben Nelson (D-Nebraska) and Joseph Lieberman (I-Connecticut) made statements that they had deep reservations about the... more

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4 days ago

The Scandal of the Working Poor

by Holly Yeager The ranks of America’s hungry are expanding—including double-income families in some of the richest... more

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4 days ago

CIA Built Secret Torture Prison At Fancy Horseback Riding Academy

The CIA built one of its secret European prisons inside an exclusive riding academy outside Vilnius, Lithuania, a current... more

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4 days ago

The Senate Evisceration of Roe v. Wade: Hyde on Steroids

NOW (National Organization for Women) warns that the Senate will vote on an amendment similar to Stupak-Pitts that would prevent millions of women from obtaining insurance coverage for abortion under their version of health care reform, S1796. Is that the bill number or the year they intend to regress to?

It appears advocates will use this amendment to hold health care reform hostage unless this affront against women is included. http://www.capwiz.com/now/issues/alert/?alertid=14342106

This comes on the heals of the passed house Stupak-Pitts, anti-abortion amendment and the more recent mammogram media blitz tactic that blamed the White House for an independent private sector task force recommendation. It appears the health care insurance industry and their friends in Congress are out to target women in an all out effort to discredit health care reform. http://lafilmonline.com/oitsf/?p=74

NOW posted the following to it members on their website:
______________________________________________________
Reportedly, Sens. Ben Nelson (D-Neb.) and Bob Casey (R-Penn.) may offer a version of the Stupak-Pitts Amendment to be attached to the Senate bill. That means, in all likelihood, if the Senate adopts this harmful amendment, it will remain in the final Senate-House conference bill and become law. Alternatively, a modified variation of Stupak-Pitts could be incorporated into the bill. Either way, millions of women lose -- big time.

Please Take Action NOW!

The Stupak-Pitts amendment explained:

* The ban on abortion coverage in insurance would apply to both the proposed public option and to private health insurance plans sold in the new regional health insurance exchanges. It is estimated that some 36 million uninsured persons would be purchasing insurance policies through new exchanges and would be eligible for federal affordability subsidies.
* Health insurers may not sell plans that cover abortion to customers who are paying without a subsidy, if even just one person who is receiving the federal affordability credits (the subsidy) were to purchase a plan. In other words, even if you are paying 100 percent of your insurance costs, abortion coverage would not be available in your plan if anyone with affordability credits joins the same plan.
* Women may purchase a separate abortion "rider" for coverage, though many doubt that these riders would be offered by the insurance companies.
* Small companies (fewer than 100 employees) would also likely purchase health insurance through the exchange, but if any of their employees received affordability credits no abortion coverage could be included.
* Eighty-seven percent of employer-based insurance plans now cover abortion services, but if employers withdraw coverage and send their employees to the health insurance exchanges, those employees would likely lose abortion coverage under these new prohibitions.

There may be a modified version of this harmful amendment that is included in the Senate health care reform bill that will be debated next week. We want to make sure that Stupak-Pitts language is not used and that no variation of this harmful amendment is passed. Please send a message to your senators that you oppose any restrictions on insurance coverage of abortion. Thank you for all the work you do for women's rights.
________________________________________________________NOW (National Organization for Women) warns that the Senate will vote on an amendment similar to Stupak-Pitts that would prevent... more