During the 2008 presidential election cycle, President-elect Barack Obama made two key campaign promises which would have directed billions of dollars into the middle class economy. With the election behind him, it seems that President-elect Barack Obama has now broken his promise to enact a windfall profits tax on the oil and gas industry which would have provided a $1,000 emergency energy rebate to American families, as well as his promise to end the diversion of federal small business contracts to corporate giants.
Court Backs Warrantless Searches Abroad
The authorities may lawfully conduct searches and electronic surveillance against United States citizens in foreign countries without a warrant, a federal appeals court panel said on Monday, bolstering the government’s power to investigate terrorism by ruling that a key constitutional protection afforded to Americans does not apply overseas.
TVNL Comment: Wow! Once outside the country, the US Constitution no longer protects Americans from their own government. The horror continues....
Breast Cancer Rates Soar after Mammograms and Some Cancers may Heal Naturally
A report just published in the Journal of the American Medical Association's Archives of Internal Medicine reaches a startling conclusion. Breast cancer rates increased significantly in four Norwegian counties after women there began getting mammograms every two years. In fact, according to background information in the study, the start of screening mammography programs throughout Europe has been associated with increased incidence of breast cancer.
Wealthy continue to get farm subsidies, GAO finds
Millionaire farmers continue to pluck crop subsidies they don't deserve, federal investigators say.
At least 2,702 farmers nationwide received subsidies between 2003 and 2006 even through they were making more than the $2.5 million gross income cutoff. The unwarranted payments totaled $49 million and exposed enduring Agriculture Department management problems, investigators concluded.
CNN Ordered to Rehire 110 Workers Fired for Belonging to a Union
This report likely won’t be on CNN’s “Headline News,” but after five years, former workers at CNN have finally gained justice. In a decision made public today, an administrative law judge ordered the network to rehire 110 workers who were fired because they were union members. CNN also was ordered to recognize the workers’ unions, National Association of Broadcast Employees and Technicians-CWA (NABET-CWA) locals 31 and 11.
Five Convicted in Terrorism Financing Trial
On their second try, federal prosecutors won sweeping convictions Monday against five leaders of a Muslim charity in a retrial of the largest terrorism-financing case in the United States since the attacks of Sept. 11, 2001.
TVNL Comment: If there was an iota of justice in the US, anyone who contributed a single dime to anyone in the Bush killing machine would be convicted of aiding a terrorist group.
Citi, AIG Won't Drop Big Sports Sponsorships
AIG, Citibank and a number of other federally bailed-out financial institutions have no plans to cancel hundreds of millions of dollars in sports team sponsorships, even as they take billions in taxpayer support, ABC News has found.
Struggling Citibank just sealed a multi-billion-dollar emergency "backstop" deal with the U.S. government. The financial behemoth, suffering with billions in bad mortgage-related assets on its books, recently shed 53,000 workers and saw its stock price lose over half its value. Yet it's in a 20-year contract to pay the New York Mets $400 million to name the team's new stadium "Citi Field."
TVNL Comment: So in essence you, the tax payer, subsidized the milti-million dollar baseball player, who PLAYS GAMES for a living! Not only that...they have made it so expensive to see games that many people can't afford to even go to a game anymore!
UBS clients seek amnesty on U.S. taxes: report
Some wealthy clients of UBS AG are coming forward to make amends with U.S. tax authorities after a former UBS private banker was indicted, a sign that U.S. efforts to battle offshore tax evasion are having the desired effect.
TVNL Comment: Hey, can the rest of get in on this? Can us ordinary folks avoid taxes and than ask for amnesty? Just asking.
Government prepared to lend $7.4 trillion
The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.
The unprecedented pledge of funds includes $2.8 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the only plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis.
TVNL Comment: First of all the "Fed" is not government. What they are doing is stealing the money of the next ten generations! The only way to stop this is to end the Fed.
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