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"If last year was the year in which faulty foreclosures and bank errors became a full-blown scandal, this has been the year of waiting for something to be done about it."

Read more: Implode-Explode Heavy Industries news feed


Submitted by Charles Hugh Smith from Of Two Minds

President Obama,

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BOSTON (Reuters) - Occupy this: the trash bin. At least, so say students at Michigan's Lake Superior State University who released an annual list of words they deem so misused, overused and cliched they should be banished in the year ahead.


Wolf Richter   www.testosteronepit.com

I have used high-speed rail extensively in Europe and Japan. For medium distances, from city

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The prison commander at Guantanamo Bay issued rules allowing prison staff to examine mail between military-commission defendants and their lawyers, renewing a dispute with defense attorneys.

Read more: WSJ.com: World News

NEW YORK (Reuters) - Stocks were little changed on Wednesday, erasing losses as positive U.S. economic data offset worries about the euro zone's debt problems.
Stacy Summary: Nobody does this better than Glenn Greenwald. Progressives & the Ron Paul Fallacies The thing I loathe most about election season is reflected in the central fallacy that drives progressive discussion the minute “Ron Paul” is mentioned. As … Continue reading

Read more: Max Keiser

"Perhaps the most jarring detail from his tenure in office is the unorthodox $500,000 mortgage that Santorum and his wife secured on the home in rural Virginia they had purchased for $643,361. According to a series of reports in the Philadelphia Daily News, the mortgage came from Philadelphia Trust Company, a fledgling private bank catering to "affluent investors and institutions" whose officers had contributed $24,000 to Santorum's political action committees and re-election campaign."

Read more: Implode-Explode Heavy Industries news feed

BEIRUT (Reuters) - Tens of thousands of Syrians in Homs rallied on Tuesday against President Bashar al-Assad, emboldened by Arab peace monitors' first tour of the flashpoint city, after the army withdrew some tanks following battles that killed 34 people in 24 hours.


Late Tuesday, the Federal Reserve announced their intention to beginning publishing interest rates in advance of their changing in order elicit an investor response they believe will be beneficial.
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Presented with little comment suffice to ask why the rest of the mortgage-exposed financials would not also be rallying if this move higher in BAC stock was all based on Read more...

I listed these two articles in the morning reads, but I am so delighted over this that I had to make sure you did not miss this: Congress has apparently failed to extend the corn ethanol subsidy, a terrible energy idea that has subsidized the burning of food/corn for 30-years.

It is unclear whether this has simply lapsed, and thasd not been renewed yet or if the wasteful, engine damaging,

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PILAR, Argentina (Reuters) - Argentina's popular president, Cristina Fernandez, was undergoing an operation for thyroid cancer on Wednesday, months after she was re-elected to a second four-year term.


As headline-makers from every mainstream media outlet attempt to fit today's spectacle to their cognitive biases, we note the massive surge in volume at the close in ES (the e-mini S&P futures

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We've talked a lot about the political process and how things work in DC to get things like SOPA pretty far along, even as the public seems to be almost universally against it. As you hopefully know by now, Larry Lessig has been focusing his attention on the issue of the deep-seeded corruption in the way our government works today, and his recent book, Republic, Lost focuses deeply on the issue. A few weeks back, Lessig did a fantastic interview on the subject with the Boston Review. In it, he describes how Congress picks up on unpopular legislation for the sake of scaring people (on all sides) into donating to their campaigns: In the first quarter of this year, what was the number one issue that Congress addressed? In the middle of two wars, a huge unemployment problem, huge budget
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NY Times | Energy analysts say the price of oil would start to soar and could rise 50 percent or more within days.

Read more: Prison Planet.com

BAGHDAD (Reuters) - Prime Minister Nuri al-Maliki declared a new dawn on Saturday as Iraq celebrated the departure of American troops at a ceremony held amid tight security and without Maliki's key political rivals.


Eddy Elfenbein wrote a good post recently on the stock market versus inflation expectations.  When I read it, I said to myself, “Wait, is the relationship between nominal and real rates really 1:1, or is it more complex?”  Though it is not certain, the regressions that I ran indicated that 1:1 was not falsified by [...]
John Lennon's "Happy Christmas (War is over)" song used to be routinely played on the radio towards the end of the year, but it seems that folks either "like" or "really hate" holiday songs (and that Baby Boomers are still in control of popular holiday music). In any case, if you received a shiny new "Official Red Ryder Carbine-Action Two-Hundred-Shot Range Model Air Rifle" last weekend, here are
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