10 US Housing Markets At Risk Of A Major Collapse
Even the baseline scenario in places like Las Vegas and Miami is grim, where Case Shiller projects a 21% decline in home prices from 2010 to 2012. But in one scenario it could be worse. 6.7 million delinquent mortgages are waiting to flood the market around the country — and with near-zero cure rates most […]
Who Will Save America From Drowning in Debt?
Both political parties have failed to come up with any credible plan to solve this crisis, writes Jeremy Warner. If you want to scare yourself with statistics, go to www.usdebtclock.org. This brilliantly conceived internet graphic engenders much the same feeling you get when watching the extortion of the meter in a London taxi; at some […]
Where are the Christian Suicide Bombers?
Today’s guest on Democracy Now with Amy Goodman was Quratulain Bakteari, founder and director of the Institute for Development Studies and Practices headquartered in Quetta, Pakistan. When Amy asked if Quratulain expected a rise in suicide bombings in her country, she replied, “Yes, they will increase. What else does a young boy who has seen […]
Some Senators Rightfully Concerned over the Russian “Red Button” Missile Defense Demands
Last week, the Russian Deputy Prime Minister Sergey Ivanov caused a stir among the U.S. and European proponents of missile defenses. Talking about the Obama Administration’s recent proposal for the Russian participation in the Phased Adaptive Approach, a missile defense plan for Europe and the United States, Ivanov bluntly stated that the Russian Federation “insist[s] […]
Even on Tax Day, It Pays to Be Married
As Tax Day arrives, families across the country are reluctantly pulling out purses and wallets to cut a hefty check to Uncle Sam. While the annual pain of paying federal income taxes is far from pleasant, married families can take comfort in the fact that they are probably better off financially than their single counterparts. […]
Chuck Norris Hits Obama: Obama Wrong on Border Violence
The White House is taking credit for the previous administration’s progress at curbing criminal activity on the U.S. side of the Mexican border, while at the same time advising officials to not overestimate border violence, writes Honorary Texas Ranger Chuck Norris in his column at HumanEvents.com. Norris quotes Homeland Security Secretary Janet Napolitano as saying: […]
America Outmatches China Economically (For Now)
China announced its economic results for the first quarter this morning. GDP was said to grow a strong 9.7 percent, while consumer inflation reached a worrisome 5 percent. Frankly, most Americans shouldn’t care that much. China’s economic importance is being overstated now, and even its considerable economic potential is sometimes overstated. The PRC is much […]
Japan Mulls to Move Capital over Disaster Worries
As powerful earthquakes continue to jolt Japan and radiation levels near Tokyo are rising, the Asian country’s authorities are considering moving the capital to another city. The most probable location for a new capital are Osaka and Nagoya, according to ITAR-TASS. Both cities are located near international airports. The main conditions the new capital has […]
Trump Uncovers Truth: ‘Obama Not His Real Name’
Trump is right, Barry Soetoro, AKA Obama is hiding what appears to be a criminal past. Trump is correct, Barry Soetoro, AKA Obama is hiding something in his past that is very bad… and it may not be his citizenship. (Trump would not say this if he did not know something and he has the […]
Pakistan Overplays Its Hand in Making Demands of U.S.
Pakistan is reportedly calling for a reduction in U.S. drone missile strikes against terrorists sheltering in its tribal border areas, greater transparency from the CIA regarding its counterterrorism activities inside Pakistan, and a reduction in U.S. military trainers in the country. Following a meeting in Washington between the director of Pakistan’s intelligence service, Shuja Pasha, […]
Los Angeles Police: Mumbai-Style Attack a ‘Likely Scenario’
LOS ANGELES | Police are using a combination of aggressive spy operations and community outreach to counter what Deputy Police Chief Michael P. Downing called the growing threat of Mumbai-style terrorist attacks — car bombings and small-arms-equipped suicide teams. “The biggest fear I have is just what I don’t know,” Chief Downing, commanding officer of […]
