President Barack Obama does the sign of "The U" as he arrives a campaign event at the University of Miami, Thursday, Oct. 11, 2012, in Coral Gables, Fla. (AP Photo/Lynne Sladky)   (CNSNews.com) – President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system." According to the Congressional Budget Office, however, the government will lose about $24 billion o ...

In the face of the worst drought in decades, record high gasoline and diesel prices, and the fact that biofuels producers have yet to place a single gallon of cellulosic ethanol into U.S. fuel markets, a large number of Governors, members of Congress and stakeholders havecalled for either the repeal of the federal Renewable Fuel Standard or major reforms to the program. Support for an overhaul of the RFS pr ...

A debt collector, angered that a disabled US Army veteran was living off of disability payments, told him he “should have died” in war instead of "taking advantage of" other Americans. Minnesota-based debt collection agency Gurstel Chargo is now facing a lawsuit for verbally abusing the Army vet over a $6,000 defaulted student loan, Courthouse News reports. “If you would have served our country better you w ...

While yesterday it was the sovereigns who suffered the wrath of the IMF's wholesale growth outlook downgrade (unbeknownst to Christine Lagarde), today it is the turn of the financial sector (which is increasingly being blurred with the former in a world in which central banks are used to both backstop bank liabilities and fund endless public deficits, unafraid of the consequences in a closed loop fiat world ...

A grant to Mr Blair’s Africa Governance Initiative (AGI) was made by the US Agency for International Development (USAID), a body ultimately overseen by Hillary Clinton. Mrs Clinton and her husband Bill, the former US president, are close friends of Mr Blair and his wife Cherie. There is no suggestion that Mr Blair used his personal connections to secure the grant, although its award will inevitably raise co ...

Buzz explodes across web Despite the issue receiving national media attention, Obama supporters continue to threaten to riot if Mitt Romney wins the presidential election, raising the prospect of civil unrest if Obama fails to secure a second term. The new threats continue to dominate Twitter and the vast majority make no reference to press coverage of the issue over the last week, illustrating the fact tha ...

Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the multitude into their camp” and usher in democracy, within which an oligarchy emerges once again, followed by aristocracy, democracy, and so on throughout history. Debt has b ...

SECRETS OF THE FED RADIO: RON PAUL -AUDIT THE FED OR END THE FED?   SECRETS OF THE FED RADIO: RON PAUL -AUDIT THE FED OR END THE FED? ...

The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new actuarial study to be released on Monday. The pension systems reported a median funding level of 75.1 percent. The study by the actuarial firm Milliman, which used different ways to value assets and measure liabilities, finds an ...

The government’s chief spending watchdogs have already secured nearly 600 convictions and judgments against people and companies accused of misusing stimulus funds and have a whopping 1,900 investigations currently open into possible wrongdoing, officials say. The wave of scrutiny more than three years after the American Recovery and Reinvestment Act was passed by Congress early in the Obama administration ...