SEC charges Goldman Sachs with fraud

The Securities and Exchange Commission on Friday charged Wall Street’s most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages. The SEC said it charged New York-based Goldman (GS, Fortune 500) and a vice president, Fabrice Tourre, for their failure to disclose conflicts in a 2007 sale of […]

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OSAMA bin Laden has a page on Facebook

The al-Qaeda leader is using it as a platform to show videos and speeches to Islamic militants. His address is given as “the mountains of the world”. Last night, security experts urged Facebook’s US owners to shut down the profile page, named “The leader of the Mujahideen, Osama bin Laden.” A Sun investigation revealed it […]

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Soros Warns of Market Crash

Railway porter-turned-billionaire financier George Soros delivered a stark warning that the financial world is on the wrong track and that it may be hurtling towards an even bigger boom and bust than in the credit crisis. The man who ‘broke’ the Bank of England (and who is still able to earn a cool $3.3 billion […]

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Arizona passes strict illegal immigration act

The bill directs police to determine the immigration status of noncriminals if there is a ‘reasonable suspicion’ they are undocumented. Immigrant rights groups say it amounts to a police state. Arizona lawmakers on Tuesday approved what foes and supporters agree is the toughest measure in the country against illegal immigrants, directing local police to determine […]

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Muslims Planned to Attack New York

Zazi, Al Qaeda pals planned rush-hour attack on Grand Central, Times Square subway stations. Chilling new details about the foiled Islamic plot to blow up the city’s busiest subways have emerged as a fourth suspect was quietly arrested in Pakistan. The unidentified man, who helped plan the plot, is expected to be extradited to the […]

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10 reasons why Barack Obama is the most naïve president in US history

In honour of this week’s cringe-inducing nuclear summit in Washington, which represents yet another step towards American decline under the current US administration, here is a list of ten key reasons why Barack Obama qualifies as the most naïve president in US history. Despite some strong competition from Woodrow Wilson and Jimmy Carter, President Obama […]

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‘I will arrest the Pope’

LONDON – A published report says atheist campaigners Richard Dawkins and Christopher Hitchens are seeking to lay the legal groundwork to arrest Pope Benedict XVI when he visits Britain later this year. The Sunday Times newspaper says the two men have retained lawyers Geoffrey Robertson and Mark Stephens to prepare a justification for action, on […]

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Interest Rates Have Nowhere to Go but Up

Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates. That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession. The shift […]

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Obama Health Law Bans New Doctor-Owned Hospitals

CNSNews – The new health care overhaul law, which promised increased access and efficiency in health care, will prevent doctor-owned hospitals from adding more rooms and more beds, says a group that advocates physician involvement in every aspect of health care delivery. Physician-owned hospitals are advertised as less bureaucratic and more focused on doctor-patient decision […]

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