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Entries by Gary Null (7232)

Wednesday
May122010

Exposing the Secrets of the Temple: How the Federal Reserve Makes Money Out of Thin Air

For some, the Federal Reserve is the right place to house any new regulatory powers contained in financial reform legislation. For others, the Fed is at the center of all that ails us. In fact, over 95,000 have signed a petition at auditthefed.com.

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Tuesday
May112010

Congress Should Force Big Banks to Stop Gambling With Our Money

The furor over the inclusion of Senate Agriculture Chairwoman Blanche Lincoln's amendment in the Senate bill is becoming somewhat ludicrous.Good, knowledgeable people such as FDIC Chairman Sheila Bair and former Federal Reserve Chairman Paul Volcker have stepped up -- no doubt at the Fed's and Treasury's bidding -- to strew misinformation about one of the most important and powerful reforms currently under consideration in Congress.

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Tuesday
May112010

We need a Clean Earth Act

It’s time for a push to pass the first major national ecological protection legislation in decades. We need swift action to prevent disasters, like the BP oil spill in the Gulf of Mexico, caused by corporations that offload their huge financial, ecological and human costs on us. Tell President Obama and your members of Congress to support a Clean Earth Act today.

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Tuesday
May112010

Mystery Disease Linked to Missing Israeli Scientist 

By Jr. H. P. Albarelli Global Research, May 10, 2010 Truthout - 2010-05-07 Media outlets across the Northwest United States began reporting on April 24 that a strange, previously unknown strain of virulent airborne fungi that has already killed at least six people in Oregon, Washington and Idaho is spreading throughout the region. The fungus, according to expert microbiologists, who have expressed alarm about the emergence of the strain, is a new genotype of Cryptococcus gatti fungi. Cryptococcus gatti is normally found in tropical and subtropical locations in India, South America, Africa and Australia. Microbiologists in the United States are reporting that the strain found here, for reasons not yet fully understood, is far deadlier than any found overseas.

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Tuesday
May112010

It's a myth that the slump persists due to the banks' squeeze on credit, so 'fixing' them will not mean escaping the downturn

One of the big myths of the current downturn is that the reason the slump persists is that banks are refusing to lend [1]. The story goes that because the banks have taken such big hits to their capital as a result of the collapse of the housing bubble and record default rates, they no longer have the money to lend to small- and mid-sized businesses.

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Tuesday
May112010

Share DOE Still Disavows Peak Oil Forecast, Despite New Studies

Gulf oil spill adds pressure for release of "proprietary database" behind DOE's optimism. The U.S. Department of Energy has long disavowed peak oil theory: the notion that annual world oil production will peak, plateau, and then enter a decline. But the agency’s stance appears increasingly at odds with the future predicted by many world energy analysts, including the US military. In February, the United Kingdom Industry Taskforce on Peak Oil and Energy Security—a group comprised in part by renewable energy companies—published a report warning that global peak oil would probably occur within the next decade.

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Tuesday
May112010

Why We Should Keep the Fed Away From the Consumer: the Hurt Incident

Buoyed by the thrill of seeing Goldman Sachs squirm just a little at the witness table it may be that a financial “reform” bill emerges from congress some time this summer. Without a doubt, human wave assaults by Wall Street’s famously effective lobbyists will produce many amendments and alterations to the draft legislation currently under debate. Some of these may be momentous in effect yet scarcely visible to anyone but a securities lawyer – think the Commodity Futures Modernization Act, slipped through congress without debate in December 2000, that unleashed credit default swaps on a defenseless world. Other compromises congenial to the financial industry have already been incorporated in Senator Chris Dodd’s Senate Banking Committee bill, with little prospect of reversal. Chief among these is the internment of the proposed Consumer Finance Protection Agency within the Federal Reserve – an early Dodd concession to the Republicans.

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Tuesday
May112010

Kagan in Context: Shafting Progressive Values 

If President Obama has his way, Elena Kagan will replace John Paul Stevens -- and the Supreme Court will move rightward. The nomination is very disturbing, especially because it's part of a pattern.

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Tuesday
May112010

Do You Have Excessive Sleepiness? Shift Work Sleep Disorder? Big Pharma Hopes So

Do you work in customer service? Health care? The restaurant industry? You might be suffering from shift work sleep disorder (SWSD) says a new ad campaign from Frazer, PA-based Cephalon who makes the Schedule IV stimulants Provigil and Nuvigil. One out of four people working nontraditional schedules suffers from this hitherto unrecognized epidemic say radio ads which broke this week in Chicago.

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Tuesday
May112010

Strengthening the Link Between Pollution, Cancer

A new report from a presidential advisory group represents a major advance in the struggle to protect people from exposure to carcinogenic chemicals. “Reducing Environmental Cancer Risk: What We Can Do Now,” issued today by the President’s Cancer Panel, announces a shift in emphasis from merely treating cancer to preventing it, and from seeking the roots of cancer in individual DNA to recognizing environmental contaminants as important causes.

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