TV News LIES

Tuesday, Sep 23rd

Last update05:44:54 AM GMT

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Mortgage crisis has Washington putting aside free-market ideology

Despite decades of free-market rhetoric from Republican and Democratic lawmakers, Washington has a long history of providing financial help to the private sector when the economic or political risk of a corporate collapse appeared too high.

The effort to save Fannie Mae and Freddie Mac is only the latest in a series of financial maneuvers by the government that stretch back to the rescue of the military contractor Lockheed Aircraft and the Penn Central Railroad under President Richard Nixon, the shoring up of Chrysler in the waning days of the Carter administration and the salvage of the U.S. savings and loan system in the late 1980s.

Now, with the U.S. government preparing to save Fannie and Freddie only six months after the Federal Reserve Board orchestrated the rescue of Bear Stearns, it appears that the mortgage crisis has forced the government to once again shove ideology aside and get into the bailout business.

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Lawsuit to Ask That Cheney's Papers Be Made Public

Months before the Bush administration ends, historians and open-government advocates are concerned that Vice President Cheney, who has long bristled at requirements to disclose his records, will destroy or withhold key documents that illustrate his role in forming U.S. policy for the past 7 1/2 years.

 

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Workers sorry Vise-Grip plant moving to China

Vise-Grip is an iconic name in Nebraska, one of the most famous products invented or developed in the state, along with Kool-Aid, raisin bran, and the Reuben sandwich.

The locking pliers have been manufactured in DeWitt for more than 80 years. DeWitt blacksmith and Danish immigrant William Petersen got a patent for the device in 1924.

American Tool sold out in 2002 to Newell Rubbermaid, a minority owner since 1985. Since then, the DeWitt plant has operated under the name of Irwin Industrial Tools, a company American Tool bought in 1993.

Oden said employees were told that "to keep the Vise-Grip name competitive, they had to move to China."

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MSNBC Takes Incendiary Hosts From Anchor Seat

MSNBC tried a bold experiment this year by putting two politically incendiary hosts, Keith Olbermann and Chris Matthews, in the anchor chair to lead the cable news channel’s coverage of the election.

That experiment appears to be over.

After months of accusations of political bias and simmering animosity between MSNBC and its parent network NBC, the channel decided over the weekend that the NBC News correspondent and MSNBC host David Gregory would anchor news coverage of the coming debates and election night. Mr. Olbermann and Mr. Matthews will remain as analysts during the coverage.

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Inmates tell of sexual abuse and beatings in Iraq's overcrowded juvenile prison system

Hundreds of children, some as young as nine, are being held in appalling conditions in Baghdad's prisons, sleeping in sweltering temperatures in overcrowded cells without working fans, no daily access to showers, and subject to frequent sexual abuse by guards, current and former prisoners say.

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OPEC considers cutting oil production

With oil prices off nearly 30 percent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago — cutting back output to prop up the price of crude.

Oil ministers insisted there was adequate supply to meet demand, and blamed speculators and a weak U.S. dollar for crude's stellar rise.

In a forecast last month, OPEC predicted that the world's forecast appetite for oil for this year overall will have fallen by 30,000 barrels a day and noted that world demand growth next year will be "the lowest since 2002." 

TVNL Comment: The US criminal establishment media keep lying to you and telling you that demand has been an issue. They want you to think that drilling in Alaska will solve our problems. All along oil executives and OPEC chiefs have been saying that supply is not the problem. Yet our enemies in the media never tell you this.

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Hamid Karzai blames Britain for Taliban resurgence

Karzai claims Brown has threatened to withdraw British troops from Helmand province, where 31 of them have died this year, if the president reinstates two provincial governors sacked for alleged dealings in the heroin trade.

One of them is Sher Mohammed Akhundzada, the former governor of Helmand, who was forced out under British pressure two years ago after nine tons of opium and heroin were discovered in his basement. Karzai’s plan to reinstate the governors has alarmed western diplomats in Kabul and dismayed British officials.

However, the Taliban have made advances since Akhundzada’s departure and drug production has increased. Karzai believes Britain’s “interference” is to blame.

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Arizona Election Integrity Advocate Arrested While Observing Hand-Count

Pima County (Tucson), Arizona's Election Integrity advocate and expert, John Brakey was arrested last night while performing his job as an election supervisor, on behalf of both the Democratic and Libertarian parties, during a post-election hand-count audit of ballots.

The problem erupted after Brakey had noticed a number of ballot bags being counted in the post-election audit were missing their proper security seals. He began to ask questions about those bags, which eventually led to his arrest at the demand of Pima County's Brad "Election Director Gone Wild" Nelson, a man with whom Brakey has had a number of unfortunate (for Nelson) run-ins over the years.

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The Inside Story of How Bush's Team Dealt With Its Failing Iraq Strategy

During the summer of 2006, from her office adjacent to the White House, deputy national security adviser Meghan O'Sullivan sent President Bush a daily top secret report cataloging the escalating bloodshed and chaos in Iraq. "Violence has acquired a momentum of its own and is now self-sustaining," she wrote July 20, quoting from an intelligence assessment.

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