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Saturday, Jul 06th

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Supreme Court Declines Review Of Planned Parenthood Case

Supreme CourtIn the first Planned Parenthood defunding case to reach the U.S. Supreme Court, a lower court decision that barred Indiana from stripping Medicaid payments to the organization.

More than a dozen states have enacted or considered laws that bar Planned Parenthood from receiving any Medicaid payments for treating poor women. The laws target the organization because it also provides privately funded abortion services in about 3 percent of its cases.

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Gas Industry Successfully Overturns Colorado Fracking Ban

Colorado fracking ban overturnedThe townspeople in Fort Collins were greeted with some unfortunate news earlier this week, as their city council decided to overturn a ban on hydraulic fracturing that had been in place for only a few short months. The decision to overturn the ban was based solely on the threat of a lawsuit from the oil and gas industry.

The mere threat of a lawsuit from the only fracking company in town – Prospect Energy – was enough to send the city council cowering in submission, placing the entire town at risk of the negative health impacts associated with fracking.

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Heart attack drug may reduce tissue damage

Heart attack drugA new drug that could help reduce damage to the body after a heart attack, stroke or major surgery has been developed by UK scientists.

Tests in mice suggest the compound protects the heart when blood flow is restored suddenly after a period when tissue has been starved of oxygen. MitoSNO has yet to be tested on humans, but could lead to a whole new class of medicines.

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William Rivers Pitt: The End of the Beginning of the End

HungerA report released early this year by the organization Oxfam International revealed that the combined income of the richest 100 people in the world is enough to end global poverty four times over, and that the gap between rich and poor has exploded by some 60% in the last 20 years. Rather than hinder this division, the recent global economic crisis has exacerbated it. Money does not disappear, you see, but tends to be translated up the income ladder in times of financial distress.

According to UNICEF, nearly half the world's population lives on less than $2.50 a day. One billion children live in poverty, and 22,000 of them die each day because of it. More than one billion people lack access to adequate drinking water, and 400 million of those are children. Almost a billion people go hungry every day.

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Marchers in over 400 cities protest Monsanto

March against MonsantoProtesters rallied in dozens of cities Saturday as part of a global protest against seed giant Monsanto and the genetically modified food it produces, organizers said.

Organizers said “March Against Monsanto” protests were held in 52 countries and 436 cities, including Washington and Los Angeles, where demonstrators waved signs that read “Real Food 4 Real People” and “Label GMOs, It’s Our Right to Know.”

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Oregon teen in alleged bomb plot to be charged as adult

Grant Alan AcordThe 17-year-old student accused by officials this week of planning to detonate bombs at West Albany High School will be charged as an adult on suspicion of attempted aggravated murder, according to Benton County District Attorney John Haroldson.

Grant Alan Acord was arrested Thursday night on two counts of possession of a destructive device and two counts of manufacture of a destructive device after police received a tip.

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How Did Major Hedge Fund Earn 30% Returns for 20 Years Straight? Lots of Cheating

SAC hedge fundHow would you like to invest $10,000 and watch it grow over 20 years into $1,461,920? Well that's what happened at the giant hedge fund, SAC Capital Advisors, which made a 30% return for 20 years in a row.  

How is it possible to make such profitable investments again and again and again? The U.S. Attorney for Manhattan, Preet Bharara, believes he has the answer: SAC is cheating ... again and again and again. In fact, Bharara suggests that hedge funds that engage in insider trading may be rotten to the core:

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Gaza exports have plummeted under Israeli blockade

GazaAfter a wave of international flotillas laden with humanitarian supplies for Gaza were headed off by Israeli forces, with one standoff resulting in nine deaths, Mahfouz Kabariti had a new idea: a reverse flotilla that would carry symbolic Gazan exports like embroidery, carpets, and dates to foreign customers.

Gazans need “trade not aid,” says the dapper Mr. Kabariti as he polishes his glasses at an open-air restaurant in Gaza City. The vast Mediterranean stretches into the distance behind him, a seemingly open portal to the world.

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Newark Archdiocese leader resigns amid sex scandal

Monsignor DoranThe second-highest official in the Archdiocese of Newark is stepping down in the wake of a sex scandal involving a former priest accused of violating an agreement with law enforcement barring him from working with children.

Church officials say Monsignor John Doran resigned Friday as vicar general and will no longer hold a leadership position with the archdiocese. Doran signed the agreement the former priest had reached with prosecutors in 2007.

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