Obama on Unemployment Rate: ‘That’s Progress’
Miami (AP) – President Barack Obama says that a slight dip in the unemployment rate to 8.9 percent is a sign of continued progress but that keeping that momentum going is important to the economic recovery. The government reported Friday that February’s jobless rate had fallen to a two-year low, down from 9 percent in […]
Barclays On How The Oil Price Spike Could Crash The Housing Market Again
The oil price spike, driven by instability in the Middle East, has the potential to cause repercussions in the U.S. housing market, according to Barclays‘ Luca Ricci. The simple reason why a rise in crude prices could tank the housing market is that it has done it before. From Barclays’ Luca Ricci (emphasis ours): The […]
Dollar’s Global Fall Will Be ‘Disastrous’ for US Living Standard
Billionaire real-estate magnate Sam Zell warns that Americans should brace for a “disastrous” 25 percent decline in the standard of living if the U.S. dollar’s reign as the global reserve currency ever ends. He says that there are signs in the market that it could eventually happen. As it is now, a Korean manufacturer who […]
House Panel to Look at Radicalization of U.S. Muslims
WASHINGTON (AP) — Muslims in the America aren’t cooperating enough with law enforcement to counter the radicalization of young followers by al-Qaeda-linked groups, said a House leader on terrorism issues, renewing debate about religion’s role in motivating extremists and what the United States can do without alienating the Islamic world. Rep. Peter T. King, New […]
Obama’s Mexican Truck Deal Threatens Jobs, Highway Safety and Border Security
WASHINGTON, /PRNewswire-USNewswire/ — Last weeks announcement by the White House to move forward with opening the U.S. border to long-haul Mexican trucks drew strong condemnations from Teamsters General President Jim Hoffa and highway safety proponents. “This deal puts Americans at risk,” Hoffa said. “This agreement caves in to business interests at the expense of the […]
Reid’s Obstructionism May Cause Government Shutdown
Senate Majority Leader Harry Reid (D-NV) may cause a government shutdown. Senator Reid is employing a procedural strategy to deal with the House-passed long-term Continuing Resolution (CR), H.R. 1, that may make it more likely that the federal government will shut down when the government runs out of money on March 18. Remember this when […]
House Hearing: Secretary Sebelius Talks Fiscal Responsibility and Obamacare
Yesterday, Secretary of Health and Human Services Kathleen Sebelius testified before the House Energy and Commerce Committee on the President’s fiscal year 2012 budget and implementation of Obamacare. The Secretary’s remarks highlighted the need for fiscal responsibility and health care reform that gives greater power to individuals and more flexibility to the states. Unfortunately, none […]
Qaddafi Massacres Rebels, but His Troops Are Defecting
Heavy fighting reached Tripoli Sunday morning as Muammar Qaddafi’s sons led a massacre of civilians, including women and children, and attacked ambulances carrying wounded rebels. Opposition forces have downed more Libyan air force planes and have captured tanks and heavy weapons as many soldiers defect. [youtube o4cbRM31N3M nolink] Oil has become the focus of battles […]
Saudi Arabia Shuts Down Shi’ite ‘Days of Rage’ Protests
The Saudi Arabian government has clamped down on protests by Shi’ite Muslims. In an announcement broadcast on Saudi state television, the Interior Ministry prohibited all marches and protests in the kingdom. The statement warned that security forces will use every means necessary to prevent any attempt to cause public disorder. A ministry spokesman added that […]
Hamas ‘Liberates’ Money at Gunpoint
Hamas forces stormed into banks in Gaza twice this week and demanded money at gunpoint, making off with a total of $350,000. Leaders of the terrorist group declared that they were “protecting the Palestinian people’s money,” not stealing. Banks in Gaza shut down in protest, and will reopen on Sunday. The Hamas-affiliated National Islamic Bank […]
Mideast Revolutions Spread: More Hypocrisy Exposed
Mideast Revolutions Spread: More Hypocrisy Exposed HonestReporting recently commented on how the coverage of the Egyptian uprising had revealed a significant double standard in the media’s coverage of Israel. While the current events in Libya do not necessarily have any direct linkages to Israel, nonetheless, the situation has continued to further expose the hypocrisy of […]
