1.2 Million Partnerships Own Over $1 Trillion In Commercial Real Estate. Too Big To Fail Dumping CRE Debt.

| June 21, 2010

The problems for commercial real estate are deep and significant and have the potential of stifling any sort of recovery.  Rather than looking at commercial real estate (CRE) as a reason for more stimulus or bailouts the question should examine why so many CRE locations are defaulting.  Can this be a sign that demand for […]

Budget Crisis Leaves Los Angeles’ $74 Million Jail Empty

| June 21, 2010

Gross overcrowding in one jail and no money to staff the other one   By JOHN ADAMS The brand new, state-of-the-art Metropolitan Detention Center remains empty because the cash-strapped Los Angeles Police Department lacks the funds to staff it. The $70 million, 172,000-square-foot, five-floor structure jail is one of the largest of its kind, but […]

British Petroleum…….. Gulf Oil Well Update……..Concerns About The Potential For Blowout In The Underground Portion Of The Well

| June 20, 2010

  By oilflorida,         June 20th, 2010 Bill Gale, an engineer specializing in fires and explosions on oil rigs who is part of Bea’s Deepwater Horizon Study Group, said the 16-inch wide casing contains disks that are designed to relieve pressure if necessary. If any of those disks popped, it could create undesirable new avenues for […]

Pension Payback Time…In Budget Crisis, States Take Aim at Pension Costs

| June 20, 2010

By MARY WILLIAMS WALSH Posted June 20,2010 Many states are acknowledging this year that they have promised pensions they cannot afford and are cutting once-sacrosanct benefits, to appease taxpayers and attack budget deficits. Gov. Pat Quinn said an overhaul would save Illinois’s pension system $300 million in its first year. But the fund is weakened. […]

12 American Warships, Including One Aircraft Carrier, And One Israeli Corvette, Cross Suez Canal On Way To Red Sea And Beyond

| June 20, 2010

Submitted by Tyler Durden on 06/19/2010   Zerohedge.com Update: It appears the Aircraft Carrier crossing the Suez is the USS Harry Truman, under the control of Herman “Herm” Shelanski, who is quoted by aish.com as saying “I understood that the strength of the United States is directly proportional to the safety of Israel.” Arabic newspaper Al-Quds […]

BP Internal Document To Congress….Internal BP Document Confirms Matt Simmons’ Worst Case Prediction Of Spill Rate Of 100,000+ Barrels Per Day

| June 20, 2010

    BP document…. “If BOP and wellhead are removed and if we have incorrectly modeled the restrictions  the rate could be as high as 100,000 barrels per day up the casing or 55,000 barrels per day up the annulus (low probability worst cases).” ….. “This number is in sharp contrast to BP’s initial claim […]

Cumberland Advisors – Oil Slickonomics Part 8

| June 20, 2010

 Everyone should read this!   Cumberland Advisors   Oil Slickonomics   Part 8 – Chemotherapy in the Gulf of Mexico   June 20, 2010 “Plaquemines Parish President Billy Nungesser was out on Terrebone Bay at the break of dawn with his new industrial strength, compressed air-powered vac.  Within 15 minutes, he said his crews had […]

California School Launches Cell Tower Study About Electromagnetic Effects On Health As Cancer Rates Skyrocket

| June 19, 2010

By JENN SAVEDGE   Mother Nature Network (mnn.com) Five years ago, Sprint erected an 85-foot cell phone tower in the middle of California’s Vista Del Monte Elementary school. At the time, Sprint studied the tower’s structural safety and an initial power reading, but since then teachers and students have become increasingly concerned about the tower’s […]

In The Gulf Of Mexico, Progress Is Being Made

| June 19, 2010

More ships are on the way…… Sometime in the next 10 days, the Helix Producer processing ship is due to arrive on the scene – and start pumping up 20,000 to 25,000 barrels (840,000 to 1.05 million gallons) of oil daily from yet another line connected to the Gulf of Mexico well’s broken blowout preventer. […]

In The Gulf Of Mexico, The EverGreen Burner, $700,000 Worth Of Petroleum Goes Up In Smoke Every Day But Is Seen As The “Safest Option”

| June 19, 2010

Can burning oil be ‘environmentally friendly’? At current crude-oil prices, that burn rate suggests that $700,000 worth of petroleum is going up in smoke every day. Admittedly, it’s not your usual “smoke.” BP is using in a smokeless atomizing burner that is supposed to be more environmentally friendly than the usual equipment. However, the EverGreen […]

Countries With The Biggest Households

| June 19, 2010

Gee, what happened to China?

The Countries With The Most Billionaires

| June 19, 2010

Greenspan Says U.S. May Soon Reach Borrowing Limit

| June 18, 2010

By Jacob Greber         June 17, 2010 Former U.S. Federal Reserve Chairman Alan Greenspan testifies at a hearing of the Financial Crisis Inquiry Commission in Washington. Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift” in fiscal policy to contain […]

Medvedev Sees Chance For New World Order….Russia Pushes for New Reserve Currency

| June 18, 2010

By Catherine Belton, Charles Clover and Courtney Weaver in St Petersburg Published: June 18 2010 Dmitry Medvedev, the Russian president, said Moscow was bidding to help lead efforts to build a new world economic order after the old system collapsed in the global financial crisis. Opening Russia’s annual economic forum in St Petersburg where hundreds […]

Letter From The President To G-20 Leaders

| June 18, 2010

From President Obama: Letter from the President to G-20 Leaders Our highest priority in Toronto must be to safeguard and strengthen the recovery. We worked exceptionally hard to restore growth; we cannot let it falter or lose strength now. This means that we should reaffirm our unity of purpose to provide the policy support necessary […]

16 Burning Questions About The Gulf Of Mexico Oil Spill That

| June 17, 2010

#1) Barack Obama has authorized the deployment of more than 17,000 National Guard members along the Gulf coast to be used “as needed” by state governors.  So what are all of these National Guard troops going to be doing exactly?  Are the troops going to be used to stop the oil or to control the […]

Hmm….From Washington’s Blog, Did the BP Oil Well Really Blow Out in February, Instead of April?

| June 17, 2010

Submitted by George Washington    06/17/2010   → Washington’s Blog The Deepwater Horizon blew up on April 20th, and sank a couple of days later. BP has been criticized for failing to report on the seriousness of the blow out for several weeks. However, as a whistleblower previously told 60 Minutes, there was an accident […]

Stratfor…..Watching for Watchers

| June 17, 2010

Watching for Watchers June 17, 2010  By Scott Stewart In last week’s Security Weekly we discussed how situational awareness is a mindset that can — and should — be practiced by everyone. We also described the different levels of situational awareness and discussed which level is appropriate for different sorts of situations. And we noted […]

The Changing Face Of The American Experience

| June 17, 2010

      The Dow Jones Industrial Average added five points yesterday to close at 10,409 – almost exactly where it closed eleven years ago. Amidst giddy fanfare and high fives, the Dow closed above 10,000 for the very first time on March 29, 1999. One month later, amidst even giddier fanfare and high fives, […]

The Largest Countries In The World

| June 16, 2010

BP’s Oil Leak In The Gulf Of Mexico….. Matt Simmons, Of The Ocean Energy Institute Says That The Use Of A “Small-Bore Nuclear Device” Is Now The “Only Option” To Stop The Flow Of Oil.

| June 16, 2010

Bloomberg — Matthew Simmons, founder of the Ocean Energy Institute, talks with Bloomberg’s Lori Rothman about BP Plc’s oil leak in the Gulf of Mexico and his view that the use of a “small-bore nuclear device” is now the “only option” to stop the flow of oil. Listen to this news interview……unbelievable.   Click below: http://video.godlikeproductions.com/video/Simmons_Says_Nuclear_Device_Only_Option_to_Stop_Oil_Flow

More On The Gulf Of Mexico Oil Well Blow Out…..You Won’t Read About This Just Anywhere

| June 16, 2010

From Jeff Rense.com ……………… The magnitude and impact of this disaster will eclipse anything we have known in our life times if the worst or even near worst happens… Contrary to what most of us would think as logical to stop the oil mess, actually opening up the gushing well and making it gush more […]

George Soros Says That Europe To Have New Recession Next Year

| June 16, 2010

So,  how far behind is the U.S.  …………Europe faces almost inevitable recession next year and years of stagnation as policymakers’ response to the euro zone crisis causes a downward spiral, billionaire U.S. investor George Soros said on Tuesday and “The commercial paper market, for instance, in America is now refusing to lend to European banks […]

It Just Keeps Getting Bigger and Bigger…..U.S. Ups Estimates And Potential Damages…BP Gulf Well Gushing As Much As 60,000 Barrels A Day.

| June 16, 2010

So much for PEAK oil, we scooped this days ago, now the U.S. government is raising its numbers, it may well be the largest oil well in the history of the world, who would have thunk it!      “This is a phenomenal formation that they drilled into.”          said Ian MacDonald, an oceanographer at Florida State University….Exceptional Gulf of Mexico […]

One More In Trouble…..San Diego May Use Bankruptcy To Roll Back Benefits

| June 16, 2010

  Commentary by Joe Mysak June 16 (Bloomberg) — The city of San Diego should consider Chapter 9 municipal bankruptcy to help it reduce fringe benefits, pension and health obligations. That’s one of the suggestions made by the San Diego County Grand Jury, which does the normal duties of recommending indictments as well as reporting […]

Housing Data Continues To Disappoint

| June 16, 2010

By James Picerno        Jun 16, 2010 The markets told us that there were problems in May, and as the economic data rolls in there’s no reason to think otherwise. Today’s numbers on housing starts and new building permits certainly suggest that the economic recovery struggled last month. The question is whether the change is temporary, […]

Still Not Enough…….BP Suspends Dividends, Sets Aside $20B to Pay Damages

| June 16, 2010

Jun 16, 2010 Oil giant BP (BP) said  Wednesday it agreed to set aside $20 billion as part of its commitments to compensate victims of the Gulf oil spill.  BP will initially make payments of $3 billion in the 3rd’Q and $2 billion in the 4th’Q. These will be followed by a payment of $1.25 […]

High Default Rate Seen For Modified Mortgages

| June 15, 2010

Among those who have loans that aren’t backed by any federal agency, the re-default rate within 12 months is likely to be 65% to 75% under the Obama administration’s Home Affordable Modification Program, according to a report from Fitch Ratings.

U.S. Identifies Vast Mineral Riches In Afghanistan

| June 15, 2010

A bleak Ghazni Province seems to offer little, but a Pentagon study says it may have among the world’s largest deposits of lithium. By JAMES RISEN Published: June 13, 2010 WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to […]

Bernanke: ‘Things Will Come Apart’ If Entitlements Are Not Reformed and Spending Controlled

| June 15, 2010

  I think we all know this!   Thursday, June 10, 2010 By Matt Cover, Staff Writer (CNSNews.com) – Federal Reserve Chairman Ben Bernanke delivered a frank assessment to Congress on the fate of the economy if entitlement programs are not restructured. On Wednesday, Bernanke warned that “things will come apart” if Congress allows the […]

NASA Warns Solar Flares From ‘Huge Space Storm’ Could Cause Power Blackouts

| June 15, 2010

Britain could face widespread power blackouts and be left without critical communication signals for long periods of time, after the earth is hit by a once-in-a-generation “space storm”, NASA has warned. By Andrew Hough National power grids could overheat and air travel severely disrupted while electronic items, navigation devices and major satellites could stop working […]

Stratfor…..The Kyrgyzstan Crisis And The Russian Dilemma

| June 15, 2010

June 15, 2010   By Peter Zeihan STRATFOR often discusses how Russia is on a bit of a roll. The U.S. distraction in the Middle East has offered Russia a golden opportunity to re-establish its spheres of influence in the region, steadily expanding the Russian zone of control into a shape that is eerily reminiscent […]

Deepest Oceans Of The World

| June 15, 2010

Top Ten Cleanest Countries

| June 15, 2010

Countries With The Highest Divorce Rates

| June 15, 2010

Top Ten….Smartest Dogs

| June 15, 2010

Mexico Puts Restrictions On Bank Deposits In U.S. Dollars

| June 15, 2010

Mexico on Tuesday put a limit of 4,000 US dollars per month on bank deposits by individuals, a move meant to thwart drug traffickers who use the US currency to stash away their illicit profits. Officials also imposed a limit of 7,000 US dollars for deposits by Mexican businesses making deposits in greenbacks. Meanwhile foreigners […]

China’s U.S. Government Holdings At New High For 2010 And Highest Level Since November 2009

| June 15, 2010

China’s holdings of US debt climbed to the highest level this year, the U.S. Treasury said Tuesday even as Beijing stepped up attacks on the United States for its burgeoning debt. The cash-rich Chinese government raised its US Treasury bond holdings to 900.2 billion dollars in April, its highest level since November 2009, while posting […]

Oh My God If True……Gulf Oil Spill ‘Could Go Years’ If Not Dealt With

| June 14, 2010

 Woha……..This is heavy reading on the Gulf of Mexico oil blowout if  TRUE!  The disaster has a real potential cost of at least $1,000 billion ($1 trillion).  According to the Washington report of Madsen, BP statements that one of the leaks has been contained, are pure public relations disinformation designed to avoid panic and demands […]

Seabed Fissures And The Gulf Of Mexico Oil Disaster

| June 14, 2010

Rick’s Picks  Monday, June 14, 2010 “Phenomenally accurate forecasts” We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world, we wrote here recently, […]

Copyright © 2024 The Stated Truth