July 2008
July 27, 2008 –
The bill grants the Treasury Department broad authority to safeguard the nation's two mortgage finance giants, Fannie Mae and Freddie Mac, potentially by spending tens of billions in federal money to prevent the collapse of the companies, which own or guarantee nearly half of the nation's $12 trillion in mortgages.
To accommodate the rescue plan for the mortgage companies, the bill raises the national debt ceiling to $10.6 trillion, an increase of $800 billion and the first time that the limit on the government's credit card has grown to 14 digits
Link to the original post [... thanks Harry!]: [more]
July 26, 2008 –
BLING H20/English Mountain Water [more]
July 24, 2008 –
"The mess in my pants is nothing compared to the mess Democrats will make of this country if they win Nov. 2nd." ... [more]
July 21, 2008 –
The reality,[....] is far more complicated. Drilling in the now-restricted areas would require years of extensive seismic research before a single rig could operate. Even then, companies would not embark on such massive projects unless the profitability were clear. What's more, the federal Energy Information Administration estimates that access to new U.S. deposits would not significantly affect overall domestic production for 22 years. [more]
July 19, 2008 –
... the empire is crumbling! [more]
July 18, 2008 –
... the US would keep dropping its inventories (of oil) and feeling good about it, which would be followed by a shortage, which would, in turn, lead to “a run on the banks so fast your eyes would spin. This is when everyone tops up their tank. We haven’t run out of oil, but we could literally run out of usable diesel and gasoline and then we would have the Great American Disaster, because within a week we’d have run out of food”. [more]
July 17, 2008 –
Peak Oil Is A Done Deal
... but don't take my word on it! :-D
http://www.aspo-usa.com/index.php?option=com_content&task=view&id=415&Itemid=91
C.
July 14, 2008 –
... is crude and deadly. But we don't mind. We really don't! [more]
July 07, 2008 –
This guy nails it! [more]
July 03, 2008 –
Who is there? [more]
July 02, 2008 –
Pentagon Official Warns of Israeli Attack on Iran
Senior Pentagon officials are concerned that Israel could carry out an attack on Iran's nuclear facilities before the end of the year, an action that would have enormous security and economic repercussions for the United States and the rest of the world. ... [more]
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