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"All The News You Never Knew You Needed To Know ...Until Now." April 28 2011 Travus T. Hipp Morning News & Commentary: Robbed By 'Bandits' - Why The 'Petraeus Plan' Failed So Dramatically In Afghanistan [Pop Out Player? Click Here] Prefer An MP3 Playlist? It's Here: [128Kbps MP3 20:20 Minutes] Other Audio Formats Available [ Here ] Razer Raygun Says: ♥ Sharing IS Caring! ♥ |
AFP - A car bomb on Thursday killed five people in northern Iraq, including a senior police officer, while gunmen shot dead a general in Baghdad, the latest in a spate of assassinations of top officials.... MoreThe Christian Science Monitor has a feature on the former CIA director, now the Secretary of Defense-in-waiting:
How Leon Panetta could change Washington as next Defense secretary» The first time anyone's been inside the doors - The first press conference since the Federal Reserve's creation in 1913 specifically about the 'bank' and it's currently battered image was held yesterday by Ben Bernanke and Tim Geithner with every financial journalist on the face of the planet in attendance.
Leon Panetta, currently CIA director, is a close ally of Vice President Biden. But political realities could prevent him from adopting Mr. Biden's stance on US troops in Afghanistan... [More]
"On June 20, 1967, Ali was convicted of draft evasion, sentenced to five years in prison, fined $10,000 and banned from boxing for three years. He stayed out of prison as his case was appealed and returned to the ring on October 26, 1970, knocking out Jerry Quarry in Atlanta in the third round. On March 8, 1971, Ali fought Joe Frazier in the “Fight of the Century” and lost after 15 rounds, the first loss of his professional boxing career. On June 28 of that same year, the U.S. Supreme Court overturned his conviction for evading the draft." More @ History.comPalestinian Issues At The Top Of Foreign Policy Magazine's Morning Brief:
Palestinian factions announce reconciliation dealOn the subject of the aforementioned 'Clusterfucking'... Did you ever feel like you stepped IN something but had actually stepped ON something yet it made no difference?
Fatah and Hamas, the two largest Palestinian parties, announced that they had reached a deal to create an interim unity government and hold elections within a year. The reconciliation agreement would bring an end to almost four years of estrangement between the factions, which began after Hamas's violent takeover of the Gaza Strip in 2007.
The agreement was announced in Cairo, and brokered by Egypt's caretaker military government. It represents one of the first signs that the turmoil across the Arab world is having an impact on Palestinian politics.
The Palestinian factions offered few details about the makeup of the planned unity government, though negotiators did announce that Prime Minister Salam Fayyad, who is hated by Hamas, will not play a role. Fayyad's absence, and the broader implications of Hamas's involvement in a unity government, could imperil the hundreds of millions of dollars in assistance that the United States provides annually to the Palestinian Authority.
[In Full & More]
Clusterfuck Nation
The Banana Peel of Destiny
By James Howard Kunstler
April 25, 2011
That was a cute move by President Obama last week, calling out the "oil speculators" with a memo to his Attorney General, Eric Holder.
The President proved a few weeks ago, in his energy speech to the nation, that he doesn't understand how these resources are produced and traded. Consequently, the people he addressed remain clueless, but ticked off nonetheless. And the logic of politics now compels Mr. Obama to call out the dogs on... people who make money trading paper claims on oil?
Funny, he didn't show any interest the past two-plus years in people who make money swindling taxpayers via booby-trapped Collateralized Debt Obligations and Credit Default Swaps. Maybe those things sound too abstruse to get excited about - but believe me, it was a heckuva lot more money.
In fact, a case could be mounted by God's attorney general - if he has one - that Mr. Obama abetted a gigantic conspiracy in fraudulent financial paper which makes the oil speculators look like shoplifters in a Kentucky WalMart...
For those of you interested in the reality side of things, here's the scoop: The price of oil is going to go way up, and way down, and way up again, and way down again until everyone is too broke to ask for any, and companies are too ruined to go get it for them, and governments are too broken to interfere in the process.
The oil speculators are normal characters in a stressed market doing what needs to be done on the margins of "price discovery." The trouble arises when price discovery occurs in turbulent times and places, for instance, when people in a part of the world called the Middle East & North Africa (MENA, for short), start rioting against their governments, which has been the case persistently for a couple of months now - a region that contains about half the world's oil reserves. So interested observers conclude there's a fair chance that oil production there might face impediments to normal operations.
And indeed that is already the case in Libya, where some of the world's lightest, creamiest, sweetest crude oil has stopped flowing into pipelines and tanker ships. With protesters being slaughtered by the score in Syria, and Yemen's president about to get a one-way ticket to Palookaville, and the Saud family cowering in their solid-gold senior housing facility, and affairs looking sketchy at best in other nations around that neighborhood, speculators at the margins have called for higher oil prices... [More @ Clusterfuck Nation]
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