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Sunday, August 30, 2009

The Metastasis of Moral Hazard and its Effect on Gold, Fox Nation: A Website Of Division, Not Debate, PAKISTAN: Female Journalist Pursues Sexual Haras

CONTRADICTION #3: After becoming the nation’s top auditor in 1998 as Comptroller General of the United States and head of the Government Accountability Office, David Walker repeatedly warned Congress over a period of several years that government spending was unsustainable, and that unless fiscal policies were reformed, a monetary and economic disaster would ensue. Walker presented irrefutable evidence to Congress to support his warning, evidence so powerful it was never contested because it could not have been. Walker focused Congress’s attention on spiraling, deca-trillion dollar Medicare, Social Security, prescription drug, military and government pension, welfare, trade and general obligation deficits and liabilities, in addition to the crippling impact of ever-increasing interest payments on the rapidly increasing debt.

Instead of heeding Walker’s flawlessly-reasoned warnings, Congress did the exact opposite and went on a spending binge never before seen in American or world history. Just one program, the Medicare Prescription Drug Plan was bankrupt on Day 1, with an unfunded liability of $7,100,000,000,000.00 that was heaped on top of taxpayers’ existing, crushing debt burden. That turned out to be just the warm-up act. It was followed by an unprecedented fiscal year 2009 federal deficit of $1,600,000,000,000.00+, which will then segue into 70 years’ worth of multi-hundred billion to trillion dollar plus deficits. Furthermore, the government approved $13,000,000,000,000.00+ in bailouts for favored insiders. Every penny spent on these programs represents newly created debt, on which interest will accrue in perpetuity since the principal can never be paid. The Metastasis of Moral Hazard and its Effect on Gold By Stewart Dougherty

[thanks SR]

When is a telephone call considered sexual harassment? For Pakistani journalist Maheen Usmani, it is when her superior calls her late at night and launches into "suggestive talk" and lots of "innuendoes". At around 10 pm on May 11, Usmani received a call from her boss at the time —the managing director of the private television channel Dunya News, Yusuf Baig Mirza. According to Usmani, Mirza talked to her about her looks and about giving her special favours such as reimbursements for a pay cut, fuel and cell phone bills, and told her to give him a call any time of the day or night. The conversation was not only "detestable" but was a case of sexual harassment, maintains the former bureau reporter at Dunya News. "He counted the expected benefits that a less important bureau reporter can get in return for a direct contact with him," Usmani wrote in her resignation letter dated Jun. 15. PAKISTAN: Female Journalist Pursues Sexual Harassment Case By Zofeen Ebrahim

Fox Nation boasts that it's a community "committed to the core principles of tolerance, open debate civil discourse --and fair and balanced coverage of the news," yet we have repeatedly documented their deliberate efforts otherwise. Today's front page is another good example. One of the top stories "asks" "Why is Obama changing the 9/11 anniversary?" Clicking through to the story brings a paragraph of diatribe of inflammatory invective with no balance, not even a word about what Obama is trying to do or why. Add a sentence accusing Obama of being a racist and it could have been written by... Fox Nation: A Website Of Division, Not Debate

Using solar panels and biogas reactors, the nonprofit Solar CITIES project is bringing rural energy solutions to the urban poor in Egypt's largest city. Cairo Slums Get Energy Makeover


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