Last week, the country's third largest bank was nationalised. This week, the government dismissed the board of directors of Landsbanki, its second-largest bank, and put it into receivership. On Monday, the Prime Minister, Geir Haarde, warned its citizens the country faces bankruptcy.
Iceland, with a population the size of Bristol, is rated by the UN as the most developed society on earth. But it now faces less welcome distinction as the country worst exposed to the credit crunch, with banking debts several times bigger than its economy.
Iceland: dancing on the brink of bankruptcy
Data-Mining for Terrorists Not 'Feasible,' DHS-Funded Study Finds
The government should not be building predictive data-mining programs systems that attempt to figure out who among millions is a terrorist, a privacy and terrorism commission funded by Homeland Security reported Tuesday. The commission found that the technology would not work and the inevitable mistakes would be un-American.
New U.S. intelligence report warns 'victory' not certain in Iraq
A nearly completed high-level U.S. intelligence analysis warns that unresolved ethnic and sectarian tensions in Iraq could unleash a new wave of violence, potentially reversing the major security and political gains achieved over the last year.
U.S. officials familiar with the new National Intelligence Estimate said they were unsure when the top-secret report would be completed and whether it would be published before the Nov. 4 presidential election.
TVNL Comment: You KNOW this will not be completed before the election. Someone, please send this to John McCain before he repeats his goal for 'victory' in Iraq again.
Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?
In 1942, German intelligence officers rounded up skilled Jewish prisoners and launched Operation Bernhardt, a clever scheme designed to counterfeit hundreds of millions of dollars worth of British Pounds and destroy the British economy by flooding it with counterfeit money. Located in the Sachsenhausen concentration camp, Operation Bernhardt was, even by modern standards, a runaway success that resulted in the creation of forged bank notes worth 132 million British Pounds.
Md. Police Put Activists' Names On Terror Lists
The Maryland State Police classified 53 nonviolent activists as terrorists and entered their names and personal information into state and federal databases that track terrorism suspects, the state police chief acknowledged yesterday.
Police Superintendent Terrence B. Sheridan revealed at a legislative hearing that the surveillance operation, which targeted opponents of the death penalty and the Iraq war, was far more extensive than was known when its existence was disclosed in July.
The surveillance took place over 14 months in 2005 and 2006, under the administration of former governor Robert L. Ehrlich Jr. (R). The former state police superintendent who authorized the operation, Thomas E. Hutchins, defended the program in testimony yesterday. Hutchins said the program was a bulwark against potential violence and called the activists "fringe people."
TVNL Comment: This is a classic sign of fascism.
30 Civilians Died in Afghan Raid, U.S. Inquiry Finds
An investigation by the military has concluded that American airstrikes on Aug. 22 in a village in western Afghanistan killed far more civilians than American commanders there have acknowledged, according to two American military officials.
The military investigator’s report found that more than 30 civilians — not 5 to 7 as the military has long insisted — died in the airstrikes against a suspected Taliban compound in Azizabad.
The investigator, Brig. Gen. Michael W. Callan of the Air Force, concluded that many more civilians, including women and children, had been buried in the rubble than the military had asserted, one of the military officials said.
AP Exclusive: Documents say detainee near insanity
A U.S. military officer warned Pentagon officials that an American detainee was being driven nearly insane by months of punishing isolation and sensory deprivation in a U.S. military brig, according to documents obtained by The Associated Press.
While the treatment of prisoners at detention facilities at Guantanamo Bay, Cuba, and in Afghanistan and Iraq have long been the subject of human rights complaints and court scrutiny, the documents shed new light on how two American citizens and a legal U.S. resident were treated in military jails inside the United States.
BAE firm in body armour pay-out
A subsidiary of UK defence giant BAE Systems has agreed to pay a $30m (£17m) settlement to the US government in a case about defective body armour.
Armor Holdings is also co-operating with a wider US probe into the body armour industry's use of a material that the US claims degrades over time.
FCC to Probe Defense Department's 'Propaganda' Program
The Federal Communications Commission has announced that it will investigate a Department of Defense propaganda program to determine whether news networks or military analysts violated the Communications Act of 1934 and FCC rules.
Earlier this year, The New York Times reported that a Department of Defense program had ex-military officers presenting the Bush administration’s position on the War on Terror as objective analysis on major television news programs and 24-hour cable news networks. Congresswoman Rosa L. DeLauro and Congressman John Dingell wrote to the FCC to investigate allegations that the news networks and the analysts failed to disclose the ex-military officers’ ties to the Pentagon -- and if that violated sponsorship identification requirements in the Communications Act.
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