Black Listed News

DHS released over 2,000 immigrants

The Homeland Security Department released from its jails more than 2,000 illegal immigrants facing deportation in recent weeks due to looming budget cuts and planned to release 3,000 more during March

NASA Discovers New Radiation Belt Around Earth

NASA’s twin Van Allen space probes, which are studying the Earth’s radiation belts, made the cosmic find. The surprising discovery — a new, albeit temporary, radiation belt around Earth — reveals how much remains unknown about outer space, even those regions closest to the planet, researchers added.

LIBOR: Viewing the Biggest Financial Crime in History

The motives of the banks have been clear from the beginning. A few banks that dominate the marketplace for derivatives stand to make billions if LIBOR moves in their favor on particular days when contractual payments between them and their customers come due. They therefore suppressed the rates in order to skim billions of dollars off derivatives and investments.

Eurozone Unemployment Hits New Record

Eurostat, the EU's statistics office, said nearly 19 million people were unemployed in the eurozone following an increase of around 200,000 in January. That took the rate up from January's 11.8 percent, the previous record.

US incomes drop the most in 20 years

Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank.

Detroit To Be Taken Over By The State

Usually, when the administration needs a distraction from just how broke and insolvent in reality the country is, it sends the stock market soaring higher. As such it is beyond ironic that as the S&P is set to hit an all time high, Detroit - that shining symbol of the Obama administration's bailout of General Motors - effectively goes broke.

Consumer Spending Drought: 16 Signs That The Middle Class Is Running Out Of Money

Is “discretionary income” rapidly becoming a thing of the past for most American families? Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought. Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, and at this point nearly a quarter of all Americans have more credit card debt than money in the bank.

Italy on Financial Brink as “Former” Communist Tries to Lead

Nouriel Roubini, the New York University economist known as “Dr. Doom,” said the election results “make Italy ungovernable. It is political, economic and financial chaos.” He is not alone in that assessment; many predict that Bersani will be unable to pull together a workable coalition and that Italian voters will have to go back to the polls again within six months.

EU-US trade deal: Creating a new world order

The world order has changed in the course of the financial crisis and with it, enhanced the consolidation of a new arena of world politics in which superpowers somewhat urgently seem to hunt for new allies to rescue their well-being, says Gabriele Suder.

US Policy Vs. Syria Indicative of Exhausted Legitimacy

The US State Department, and to a greater extent, US foreign policy itself, having exhausted completely their collective credibility, has attempted yet another "reset." By bringing in John Kerry to pose as the next US Secretary of State, it is hoped global opinion will see US foreign policy in a new, more tolerant light.

China Launches New Stealth Frigate

China has been busy reverse engineering military equipment again, this time of the maritime variety, as it launches its first stealth frigate. Supposedly this will make incidents such as this month’s “radar lock” tension over the Senkaku islands a thing of the past, as by the time Chinese boats want to be seen, they will be visible with the naked eye.

White House Threatens Another Journalist

Bob Woodward isn’t the only person who’s received threats for airing the Obama administration’s dirty laundry. It seems anyone is a potential target of the White House these days – even former senior members of the Clinton administration.

Army denies requests to reveal results of PTSD study

Multiple public information requests for the results of an extensive inquiry into the treatment of soldiers with post-traumatic stress disorder (PTSD) have been denied according to NBC News, but the Army says the results will be made public sooner or later.

Tyson, Cargill among others now drugging your meat with Merck's new Zilmax

Merck scientists have introduced a new drug to the meat industry - Zilmax. This drug bulks up cattle in the last few weeks of their lives, bringing in more revenue for feedlot owners. Four major meat companies now use Zilmax, including Tyson Foods, JBS SA, Cargill, and National Beef Packing Co. Reportedly, Cargill resisted Zilmax for years, but finally got on board to keep up with the market.

Baffling Bitcoin

Bitcoin, the revolutionary cyber currency, continues to make waves. Its exchange rate is appreciating rapidly and it is discussed at many forums. While its escalating price is attractive, it is also symptom of its main weakness. But it got people thinking in a major way and as such it is already an unforgettable success.

Inflation Is the Legacy of the Federal Reserve

A devalued dollar equals inflation. Specifically, when the dollar is worth less, more dollars are required to by the same item. In testimony this week, Bernanke said that he has done a great job of keeping inflation under check. But there is a tremendous amount of hidden inflation caused by Mr. Bernanke’s policies

Crackdown on Whistle-Blowers

President Barack Obama is seeking new rules to allow federal agencies to fire employees without appeal if their work has some tie to national security, a move that advocates for whistle-blowers say may hurt efforts to keep government transparent and free from corruption.

Analysis: Fed To Prompt Currency Crash and Return to Gold Standard

“Over 100 years ago the U.S. Fed was founded and in 1944 at Bretton Woods they decided there would be no more Gold Standard but rather a U.S. dollar that was backed by gold. If you fast forward to the present we now have a full blown PhD standard where the former heads of Economic Departments are running federal institutions. Central Banks across the world are waging an all out struggle against the price mechanism which is going against Adam Smith’s invisible hand.”

A Gang of Greek Activists Torched the Skouries Gold Mine

Last October, in the largest protest yet against the proposed mine, riot police attacked demonstrators, broke the windows of parked cars, dragged old women to the ground, attacked a left-wing politician who was protesting outside the police department, and threw tear gas at the crowds, the canisters of which ended up burning down part of the forest.

Guest Post: Government Subsidizes and Bankrupt Companies

The sheer concept of picking winners and losers is a pure political play that defies pragmatic prudence. In spite of this, actuality, the rush to squander public money is one of the few growth industries. The pitiful results of the predictable bankruptcy are the common fate of this flawed business model.

A Taxpayer Revolt Against Bank Bailouts In the Eurozone

Bank bailouts in the Eurozone, like bank bailouts elsewhere, have made owners of otherwise worthless bank debt whole through a circuitous process where, in the end, taxpayers transferred their money to investors. Even in Greece, investors were coddled.

U.S.-EU Trade Deal is the Foundation For a New Global Economic Order

The U.S. and EU have agreed to launch negotiations on what would be the world's largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods

Guest Post: The Coming Water Wars

Water is not scarce. It is made up of the first and third most common elements in the universe, and the two readily react to form a highly stable compound that maintains its integrity even at temperature extremes.

Danger signs for the global economy

While people fret about a potential shooting war between three of the world’s largest economies in the East China Sea, the real danger may be a currency war in which all three countries will be key players.

US Expat Taxes: The IRS Gets You at Passport Renewal Time

The Internal Revenue Service recently decided to be clever. Their theory was to check an expatriates’ tax status when the expat went into a U.S. embassy to renew his or her U.S. passport. However, unbeknownst to the IRS, the expats are no longer renewing their U.S. passports. What the expatriates are now doing is getting second passports from another nation before their U.S. passport expires.

Emails Prove JPMorgan Committed Massive Mortgage Fraud

JPMorgan Chase CEO Jamie Dimon has tried his best to suggest that the financial crisis was someone else's fault. But a batch of court documents released this week undermine this claim, indicating that the bank knew the mortgage investments it sold were seriously flawed.

Pastor Plans Toy Gun Buyback Program

While St. Louis Police Chief Sam Dotson is raising funds for a gun buyback program, Pastor Rodney Francis of the Washington Tabernacle Baptist Church wants to catch kids before they even think about wielding a weapon.

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