World News Trust-- Defining The New Mainstream

U.S. Stocks Rally, Dow Tops 9,000 for First Time Since January (Matt Townsend)

Thu, 23 Jul 2009 08:39:47 +0100

July 23 (Bloomberg) -- U.S. stocks rose, sending the Dow Jones Industrial Average above 9,000 for the first time since January, as EBay Inc., Ford Motor Co. and AT&T Inc. posted better-than-estimated results and home resales (http://www.bloomberg.com/apps/quote?ticker=ETSLTOTL%3AIND) increased more than forecast.

The NSA Is still Listening to You (James Bamford)

Thu, 23 Jul 2009 07:24:48 +0100

Bush went away, but domestic surveillance overreach didn't. It's now the law, and the ACLU is fighting back

Wall Street's Love Affair with Ben Bernanke (Mike Whitney)

Thu, 23 Jul 2009 07:03:11 +0100

The Fed's so-called mandate of "full employment and price stability" is pure malarkey

Obama: More Polished Than the Last Puppet (Cindy Sheehan)

Thu, 23 Jul 2009 06:53:19 +0100

Our Presidents are merely puppets for the Robber Class and Obama is no exception.

Government Gone Mad (Joel S. Hirschhorn)

Tue, 21 Jul 2009 08:58:26 +0100

Perhaps most Americans deserve the federal government they have.

Poverty Draft? (Mickey Z.)

Mon, 20 Jul 2009 22:00:01 +0100

Like the “heroes” in the military, these three kids are also facing a stark choice -- being poor or choosing a uniform and gun -- but no one hangs yellow ribbons for them, no one makes excuses them when they kill innocents.

Clinton Outlines Continuation of Bush Policies Under Obama at CFR (Jeremy R. Hammond)

Mon, 20 Jul 2009 09:06:11 +0100

Obama’s foreign policy parallels Bush’s. The train may have switched tracks, but it’s still headed in the same direction

Is Obama Gorbachev? (James Howard Kunstler)

Mon, 20 Jul 2009 08:21:08 +0100

The eulogy for Walter Cronkite as "the most trusted man in America" on the CBS "Sixty Minutes" show said a lot about the condition of this nation -- though it did not signify what CBS thought it did

Medicaid Lies Told By A Democratic Governor (William Chirolas)

Mon, 20 Jul 2009 07:59:52 +0100

As we worry about the reform not adding to the deficit of the Federal Government, we don't discuss the fact that reform saves trillions in the overall cost of health care by slowing the growth in cost, both inside and outside of the Federal government.

America's White Underclass (Joe Bageant)

Sat, 18 Jul 2009 08:05:24 +0100

When seeing ain't believing, somebody's blind

Gaza and the Language of Power (Ramzy Baroud)

Fri, 17 Jul 2009 07:17:12 +0100

Nearly six months have passed since the Israeli army ceased pounding the tiny stretch of land that is the Gaza Strip. Since then, Gaza continues to appear on the news once in a while, as a recurring subject of human misery.

Wobble Time (James Howard Kunstler)

Mon, 13 Jul 2009 10:26:05 +0100

The cat coming out of the bag this week -- a frazzled, flaming, rabid, death-dealing cat -- is the news that Goldman Sachs will announce impressive second-quarter profits, and set aside $18 billion or so for employee bonuses averaging $600,000 per head

When Will The Recovery Begin? Never (Robert Reich)

Fri, 10 Jul 2009 16:26:14 +0100

July 10 (Common Dreams) -- The so-called "green shoots" of recovery are turning brown in the scorching summer sun.

Tamil Death Doll ‘Is 1,400 A Week’ At Manik Farm Camp In Sri Lanka (Rhys Blakely)

Fri, 10 Jul 2009 16:05:21 +0100

July 10, 2009 -- Mumbai (The Times) -- About 1,400 people are dying every week at the giant Manik Farm internment camp set up in Sri Lanka to detain Tamil refugees from the nation’s bloody civil war, senior international aid sources have told The Times.

Goldman Sachs Loses Grip on Its Doomsday Machine (Jonathan Weil)

Thu, 09 Jul 2009 08:56:39 +0100

July 9 (Bloomberg) -- Never let it be said that the Justice Department can’t move quickly when it gets a hot tip about an alleged crime at a Wall Street bank. It does help, though, if the party doing the complaining is the bank itself, and not merely an aggrieved customer.

Forget the Headlines: Iraqi Freedom Deferred (Ramzy Baroud)

Wed, 08 Jul 2009 14:49:42 +0100

One may be truly eager to see a sovereign, democratic and stable Iraq, but such hopes must not occur at the expense of truth and common sense.

Taibbi's Scream: Stop the Political System That Has Let Goldman Sachs Fleece Us for 90 Years

Wed, 08 Jul 2009 08:38:16 +0100

Feeling Taibbi's outrage will help us refuse to be lied to by the experts in media, politics and finance. It will help us see through them when they pretend that they have not let us down or play the same old dysfunctional political patronage game to insure that things do not change. It will help us force them to give up some of their advantage to restore some balance and better serve the American people.

White House among targets of sweeping cyber attack (Lolita C. Baldor)

Wed, 08 Jul 2009 08:21:00 +0100

International cyber attack broader than suspected; White House, Pentagon among targets

IMF Sees Stronger Global Rebound From ’09 Recession (Sandrine Rastello and Timothy R. Homan)

Wed, 08 Jul 2009 08:12:21 +0100

July 8 (Bloomberg) -- The International Monetary Fund said the global economic rebound next year will be stronger than it forecast in April as the financial system (http://www.bloomberg.com/apps/quote?ticker=S5FINL%3AIND) stabilizes and the pace of contractions from the U.S. to Japan moderates.

Morgan Stanley Plans to Turn Downgraded Loan CDO Into AAA Bonds (Pierre Paulden, Caroline Salas)

Wed, 08 Jul 2009 08:07:42 +0100

July 8 (Bloomberg) -- Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with AAA ratings in the first transaction of its kind, said two people familiar with the sale.