VIDEO: Rep. Paul Ryan Addresses the Debt Crisis
In a speech at the Economic Club of Chicago yesterday, Rep. Paul Ryan (R-WI) laid out his “Path to Prosperity” 2012 budget proposal. Ryan also discussed how the U.S. government reached its big-spending tipping point: By the end of the decade, we will be spending 20 percent of our tax revenue simply paying interest on […]
Iran Building Rocket Bases in Venezuela
German paper Die Welt says Iranians paid cash to build mid-range missile launch pads on Paraguana Peninsula; Iranian engineers visited site in Feb. BERLIN – The Iranian government is moving forward with the construction of rocket launch bases in Venezuela, the German daily Die Welt wrote in its Thursday edition. Venezuelan President Hugo Chavez is […]
Honor Flight: The Greatest Generation’s Last Wish
Earlier this year, the last veteran of World War I died at the age of 110. It’s hard to believe, but in the coming years, most of America’s World War II veterans will be gone as well. The Honor Flight Network exists to grant them one last wish and final honor before they go. […]
Denmark Deals Another Blow to Borderless Europe
Denmark’s partial reinstatement of border controls on the crossing from Germany and Sweden (by bridge) have probably disturbed the European commission more than the similar restrictions that France imposed on its border with Italy following the unrest in North Africa. In the French case, one could define the issue as a temporary emergency and even, […]
On Education, Obama Says One Thing But Does Another
Earlier today, President Obama delivered a commencement speech to students graduating from Booker T. Washington High School in Memphis, Tennessee. Booker T. Washington high school won the president’s Race to the Top Commencement Challenge, designed to have high schools demonstrate their commitment to college readiness as part of a competition to have President Obama speak […]
Obama Raids Pensions
The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt. (Bloomberg) — Lee Sachs, chief executive officer for AlliancePartners and former assistant U.S. Treasury […]
Second Westerner Claims Torture in Dubai
A United States citizen has alleged that police in Dubai tortured him, just one month after a British tourist died in prison in Dubai, apparently due to a severe beating. The American man, 30-year-old Adam Foster, admitted to stealing police handcuffs but said his confession was extracted by force. Foster spoke to CNN from Dubai, […]
USA Hits Debt Ceiling
The U.S. government is expected to hit the $14.294 trillion debt ceiling Monday, setting in motion an uncertain, 11-week political scramble to avoid a default. The Treasury Department plans to announce Monday it will stop issuing and reinvesting government securities in certain government pension plans, part of a series of steps designed to delay a […]
Video of Eyewitnesses in Tel Aviv, Israel: It was Indeed a Terror Attack
Israel National News TV visited the site of Sunday morning’s truck terror attack in Tel Aviv shortly afterwards and heard from eyewitnesses: “I stood at the bus stop and saw a speeding truck that caused cars to fly left and right,” said eyewitness Shlomo Gabbai. “It took down a railing and hit cars, until it […]
Security Breach Could Endanger Seals Who Killed Bin Laden
Releasing operational details of Osama Bin Laden’s targeted killing was a breach of security that could endanger the men who carried out the mission, as well as their families, CNN reports. US Defense Secretary Robert Gates said Thursday the Department of Defense is looking into ways to “pump up the security” for Navy SEAL’s who […]
Iran’s Ahmadinejad Could Become President of OPEC
TEHRAN (AFP) – Iranian President Mahmoud Ahmadinejad said he has temporarily assumed the duties of the oil ministry, as the oil cartel OPEC prepares for a biannual meeting in Vienna. “For now, I myself am the caretaker of the oil ministry,” Ahmadinejad said in a televised speech late Sunday, without elaborating. On Saturday, Ahmadinejad dismissed […]
