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 […]

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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, […]

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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 […]

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Flotilla 2: NY Times Sinks the Truth

Flotilla 2: NY Times Sinks the Truth According to a New York Times report, a second flotilla of vessels led by the Turkish Mavi Marmara is due to sail for Gaza within the next few months. Last time, the real motives and agenda of those involved in the flotilla only became clear after Israeli commandos […]

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First Steps to Remedy President Obama’s Flawed Missile Defense Policy Taken

Yesterday, members of the House Armed Service Committee, under the leadership of Representative Michael Turner (R–OH) increased the funding for the Ground-Based Midcourse Defense (GMD) program in the fiscal year (FY) 2011 budget. Members of the committee decided to increase the funding for this program by $100 million above the Obama Administration’s $1.2 billion request. […]

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