Amazon River Water Being Stolen and Bottled Abroad

This isn’t the first time the crime of hydro-piracy has come to the attention of Amazon watchdog groups. Tankers were known to be exporting oil to South America and refilling their tanks with fresh water from the Amazon to import back to Europe and the Middle East.
It is estimated that each tanker returns with approximately 5 million gallons of Amazon River water. For bottling companies, it is considerably less expensive to treat freshwater than to procure it through desalinization.

Falling Euro Threatens US Recovery

By Simon Johnson — Intensified fears over government debt in the eurozone are pushing the euro weaker against the dollar. The G7 achieved nothing over the weekend, the IMF is stuck on the sidelines, and the Europeans are sitting on their hands at least until a summit on Thursday. There is a lot of trading time [...]

Wall Street’s Killer Instinct Is Death Knell for Jobs

From Pam Mertens at CounterPunch—I think it’s time to take Wall Street literally: they’ve made it abundantly clear they have an insatiable appetite for killing things: the housing market, the financial system, the economy, reform legislation, the next generation’s future.
Wall Street is so steeped in destruction that the symbols of death are everywhere.  Wall Street [...]

The Truth About the Deficit – New York Times Editorial Board

The New York Times is running an editorial this morning showing a chronology of just how the country got into the fiscal mess it is now within and what it must do to get out.  It is worth reading.  The piece is entitled The Truth About the Deficit .
What is so unnerving about this entire [...]

ExxonMobil Funds Global Warming Deniers

By Jonathan Owen and Paul Bignell in the London Independent — An orchestrated campaign is being waged against climate change science to undermine public acceptance of man-made global warming, environment experts claimed last night.
The attack against scientists supportive of the idea of man-made climate change has grown in ferocity since the leak of thousands of [...]

Mr. Geithner, On What Planet Do You Spend Most of Your Time?

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13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Hardcover)
By (author) Simon Johnson, James Kwak

Two economic analysts, Peter Boone and Simon Johnson, might have well posed this question to Treasury Secretary Tim Geithner whom they accuse of ignoring the world economy as he cheerleads the American economic recovery. Boone and Johnson’s [...]

FDR Must Be Turning Over In His Grave!

Time Magazine online is running a story concerning unemployment among construction workers standing at over 24% of that specific workforce.  FDR must be doing flip-flops in his grave.  Regardless of defecit dangers, if there is not massive government control over this out-of-control pure capitalism at work (I should say “at rest”) very soon, we could have [...]

U.S. Department of Defense Announces Latest Contract Awards

No. 095-10
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CONTRACTS: ARMY
                 GM GDLS Defense Group, LLC, JV, Sterling Heights, Mich., was awarded on Jan. 28, 2010, a $253,329,165 cost-plus-fixed-fee contract.  This action is for a new follow-on contractor logistics support delivery order 0019 Mod DS.  The contractor shall provide contractor logistics support for Stryker Family of Vehicles in both garrison and deployment locations.  [...]

Americans overwhelmingly reject all types of government spending cuts

More than five out of six Americans are opposed to cutting 98% of the federal budget. Most don’t want to cut the remaining 2%, either. Keep that in mind whenever you hear politicians calling for spending cuts, and polls claiming that voters want spending cuts.

Global markets plunge on fears of U.S. jobs report

By Kevin G. Hall | McClatchy Newspapers –WASHINGTON — A steep drop in stock prices worldwide, fears of an imminent wave of global debt defaults and a bevy of conflicting economic reports are producing anticipation and trepidation about Friday’s new employment data from the U.S. government.
At the close of trading Thursday, the Dow Jones Industrial Average [...]

The Great Recession, Jobs and the Deficit

As the Labor Dept report released today revises upward the number of estimated job losses incurred during the Great Recession, economist Paul Krugman warns that a politically motivated focus on short-term deficit reduction is dangerous, assuming the objectives of creating more jobs and slashing long-term future deficits.
Krugman says today that so grave is the crisis that:
[F]ear-mongering [...]

House passes bill to return to pay-as-you-go budget rules, raise debt limit – Washington Post

In today’s Washington Post we learn that the House is moving toward an old Bill Clinton strategy to get government spending under control.  The piece is entitled House passes bill to return to pay-as-you-go budget rules, raise debt limit .
Here is an excerpt from that article.
“It would be recklessly naive to go about our business [...]

U.S. Department of Defense Announces Latest Contract Awards

No. 094-10
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CONTRACTS: DEFENSE LOGISTICS AGENCY
 
                Otis Products Inc.*, Lyon Falls, N.Y., is being awarded a maximum $176,056,609 firm-fixed-price, sole-source contract for parts. There are no other locations of performance. Using services are Army, Navy, Air Force and Marine Corps. There was originally one proposal solicited with one response. Contract funds will expire at the end [...]

Jeppesen: Strategic Subsidiary of Boeing Commercial Aviation Services Wants Veterans

For nearly 75 years, Jeppesen has helped aviation professionals worldwide reach their destinations safely and successfully. Today Jeppesen, the successful subsidiary of Boeing Commercial Aviation Services, is wanting to hire veterans as part of its successful team.

The Defense Budget – New York Times

The New York Times is inching back slowly to its base progressive readership.  Today in an editorial entitled The Defense Budget the Times tells the President that he must start cutting from Defense outlays in order to balance the budget.
It is a tepid call for defense cuts, but it is a call nonetheless for less [...]

Econ Crisis Is Not Over, Second Wave Possible

Paul Craig Roberts sees an enduring lack of financial regulation; public deficits and debt; a possible loss of confidence in the dollar as the world reserve currency; and the “insane” offshoring of U.S. manufacturing, industrial, and professional service jobs: All compiling and forming another rogue wave. Roberts was spot-on about the last crisis back in 2007, Offshoring Interests and [...]

U.S. Department of Defense Announces Latest Contract Awards

No. 090-10
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CONTRACTS: NAVY
 
                Oshkosh Corp., Oshkosh, Wis., is being awarded $158,382,797 for fixed-price delivery order #0064 under a previously awarded indefinite-delivery/indefinite-quantity contract (M67854-06-D-5028).  This delivery order is issued against exercised priced options for the purchase of 388 logistic vehicle system replacement production cargo vehicles and 15 tractors.  Work will be performed in Oshkosh, Wis., and [...]

Economist Roubini: Obama’s Fiscal-Econ-Social Agenda Imperiled

Recommend reading and signing up for a free economic newsletter from these guys, they have been prophetic: Roubini Global Economics! (RGE)
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This week, RGE tracked a series of events that revealed the Obama administration’s juggling act: an effort to maintain growth, tame the fiscal deficit and garner the congressional support needed to implement policy. Democrats’ loss of [...]

A “conspiracy theory” like no other!

In a blog article entitled Abiotic we learn something, that if it is true or even only partially true, underscores the incredible charade that has been going on against our wishes since oil was found and drilled in 1859 in Titusville, Pennsylvania by Edwin Drake.  He found it at 69 feet and was not sure [...]

No Defense for This Budget

Deficit hysteria has reached new levels, yet where is the attention to an out of control defense budget that is now the largest since World War II? While the Obama Admistration’s three-year freeze on discretionary spending is a bad idea, it’s made even worse because unprecedented Pentagon spending is exempted from it.

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