Jim Kuntsler's latest laser focused rant where he says, "The bums who ran the US banking sector into a ditch have to account for their turpitudes. They can't be allowed to hide under a TARP." After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.
Rewarding the Rich for their Failures: AP study finds $1.6B went to bailed-out bank execs
Andrew Sullivan of the Atlantic Monthly give us his Person of the Year: Capt. Ian Fishback
of the 82nd Airborne
A grumpy pig that survived 36 days buried in the rubble of May's massive Sichuan earthquake has been voted China's favorite animal
Cheney and Biden trade put downs of each other over this past weekendIn a Dark Holiday-Shopping Season, Toys 'R' Us, Macy's, H&M and Others Stay Open for 24 Hours
Winter wallop in Canada as seen on CTV (open this link for videos)
Canada may have its first nationwide White Christmas since 1971
Layoffs: The 20 companies who fired the most workers in 2008
Spain's $3.2 Billion Christmas Lottery is the biggest in the world
How companies are cutting back on labor costs without laying off workers
Nobel Prize-winning economist Joseph E. Stiglitz: The Seven Deadly Deficits
Destructive Islamist militants in Somalia destroy shrines to other religions and install Sharia law (click play button on video above)
NASA Video: Solar Particles and Earth's Magnetic Field
Biden's Job #1 is to build up ranks of America's Middle Class
Hawaii public school teachers signed off on first-in-the-nation statewide random drug testing in exchange for pay raises, but now the state claims the educators are trying to take the money and run.
Option Armageddon points out The FDIC is running low on reserves it dispenses to depositors in banks which close down
Madoff TV: Michael Chiklis of "The Shield", Ponzi-Scheme Victim, Develops Investor-Fraud TV Show A little perspective shows America will rebound from the worst Economic Crisis in 80 years
As more American unemployed workers are willing to do anything for work, more immigrants flood back home
Huffington Post criticized for stealing content
Some of the nine headless bodies found in Mexico yesterday were soldiers
A French crew has begun to repair two undersea cables in the Mediterranean that were severed on Friday, disrupting internet and phone communications.
Ireland will pump 5.5 billion euros ($7.7 billion) into its three largest banks and take control of the Anglo Irish Bank Corporation to protect the nation’s financial services industry from collapse.
Toyota braces for its first loss in 71 years
As Zimbabweans Starve, Mugabe Holds a Feast
China plans to set up a new police division to combat growing Mafia-style gang violence
Gasoline at $1.66 per gallon, lowest in 5 years
Incredible story! Young boy suffered "orthopedic decapitation" with a 1% chance of survival. Today, three months after the horrible wreck which severed his head from his spine, the young boy is almost ready to go back to school (video included after opening link)
Former Retail Nirvana . . . Emeryville, California . . . Is Now Retail Hell
Japan's exports plunge 27% as Global Recession worsens
California Nurses Association start campaign against Senate Republican Leader Mitch McConnell called "How the Mitch Stole Christmas" Winter storms, coast to coast, affect travel. Seatte could see wind gusts up to 90 MPH (click button on video above)
As Great Britain suffers growing unemployment and a housing market crash, the Archbishop of Cantebury warns Prime Minister Brown that his answers so far to the crisis are reminescent of Nazi Germany
Chicago Sheriff's Gotcha Moment: More Than 60 Fugitives Netted In Holiday Shopper Survey Ruse
Quotes of the Day (in red) from New York Times story below: “We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct. 15, 2002
“This administration made decisions that allowed the free market to operate as a barroom brawl instead of a prize fight,” said L. William Seidman, who advised Republican presidents and led the savings and loan bailout in the 1990s. “To make the market work well, you have to have a lot of rules.”
White House Philosophy Stoked Mortgage Bonfire: Today, millions of Americans are facing foreclosure, homeownership rates are virtually no higher than when Bush took office, Fannie and Freddie are in a government conservatorship, and the bailout cost to taxpayers could run in the trillions.
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