First Fed Reserve Audit Reveals Trillions in Secret Bailouts The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations.The majority of loans were issues by the Federal Reserve Bank of New York.
Monsanto Corn Plant Losing Bug Resistance Widely grown corn plants that Monsanto Co. genetically modified to thwart a voracious bug are falling prey to that very pest in a few Iowa fields. The discovery raises concerns that the way some farmers are using biotech crops could spawn superbugs.
It's Official: Obama Not Serious About Economic Recovery A bold jobs plan will have to be pushed from the grassroots. America's labor movement must by now recognize that President Obama, for all of his strengths, is unwilling to take the lead in shepherding the nation out of the Great Recession.
Japan's Cesium Leak Equal to 168 '45 A-Bombs NISA compares contamination to Hiroshima blast. The amount of radioactive cesium ejected by the Fukushima reactor meltdowns is about 168 times higher than that emitted in the atomic bombing of Hiroshima, the government's nuclear watchdog said Friday.
Wikileaks Cable: Iraqi Children in US Raid Shot in Head The cable made public by WikiLeaks provides evidence that U.S. troops executed at least 10 Iraqi civilians, including a woman in her 70s and a 5-month-old infant, then called in an airstrike to destroy the evidence, during a controversial 2006 incident.
Ranger's Widow Expelled from Rumsfeld Book Signing Two people were removed from a Donald Rumsfeld book signing Friday at Joint Base Lewis-McChord, including the Yelm widow of an Army Ranger who blames the military for her husband’s suicide.
GOP's Callous, Money-Oriented Response to Storm Damage: "It is Sinful" This week, House Majority Leader Cantor said the GOP approach would break from how U.S. policymakers have operated. If Democrats want emergency assistance in the wake of a natural disaster, Republicans will insist on attaching some strings to the relief funds.
Troubling New Oil Slicks: Is It the Return of the BP Disaster? Oil is resurfacing again not far from the location of the BP Macondo Well off the Gulf of Mexico, 15 months on. According to oil trackers with the organization On Wings of Care who have been monitoring the oil since early August, rainbow-tinted slicks and thicker globs of oil are visible.
The Chant Gets Louder: 'Tax the Rich' Billionaire Warren Buffett may not seem to have much in common with angry laborers at town hall meetings or armies of California nurses protesting in the streets. But these days, the executive celebrity in his boardroom and working folks on the front lines have found a common mantra as the economy continues to sputter and the 2012 election approaches.
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