TV News LIES

Financial speculators are gambling on oil the same way they gambled on the housing market a few years ago — a frightening prospect for the fragile economy, a Democratic congressional committee was told Wednesday.

"It is similar to the gambling Wall Street did on whether or not people would pay their subprime (below-market rate) mortgages in the mortgage meltdown," said Michael Greenberger, a law professor at the University of Maryland and a former federal regulator of financial markets. "Now they are betting on the upward direction of the price of oil."

The US stock market fell hard at the opening bell and the corporate pundits were out immediately blaming it on the lower number of jobs created last month. With “only” 200,000 new jobs created they implied that the Obama economic recovery is falling flat.

The first problem with this “news” was that the real numbers don’t come out until Friday, this was just an estimate from a private payroll service company that has become notorious for being wrong.

In a move likely to alter treatment standards in hospitals and doctors’ offices nationwide, a group of nine medical specialty boards plans to recommend on Wednesday that doctors perform 45 common tests and procedures less often, and to urge patients to question these services if they are offered. Eight other specialty boards are preparing to follow suit with additional lists of procedures their members should perform far less often.

The recommendations represent an unusually frank acknowledgment by physicians that many profitable tests and procedures are performed unnecessarily and may harm patients. By some estimates, unnecessary treatment constitutes one-third of medical spending in the United States.

A newly described relative of Tyrannosaurus rex is the largest known feathered animal - living or extinct. The feathered meat-eating dinosaur lived about 125 million years ago and is estimated to have weighed a whopping 1,400kg as an adult.

The new species, known as Yutyrannus, has been identified from three fossils found in north-eastern China. The finds, detailed in Nature journal, challenge current theories about the evolution of T.rex and its relations.

MALCOLM Turnbull has sharply criticised the corrupting power of money in the US and described America as looking ''like a country that is barely governed''.

He attacks the Republican idea that the budgetary situation can be improved by cutting the taxes of the wealthy as ''just bizarre'', and describes the right-wing Tea Party as extreme, reactionary and radical.

Author Robert Manne writes: ''He thinks that American voluntary voting encourages Republican extremism and the search for 'hot-button issues', like abortion or guns or gay marriage or Obama as a secret Muslim.

You may be wondering why some supposedly ‘healthy’ and ‘environmentally conscious’ companies deceive unknowing consumers into purchasing products with hidden additives and fillers. Perhaps one of the main reasons is that a large number of these pseudo-organic brands are owned by their very unhealthy ‘competitors’, such as Coca-Cola and General Mills. In fact, some of your favorite “All Natural” and organic companies may be owned by a corporate giant.

The DHS has signed off on an “indefinite delivery” from defense contractors ATK that will include, for some reason, nearly 500 million high-power ammunition for .40 caliber firearms. The department has yet to discuss why they are ordering such a massive bevy of bullets for an agency that has limited need domestically for doing harm, but they say they expect to continue receiving shipments from the manufacturer for the next five years, during which they plan to blow through enough ammunition to execute more people than there are in the entire United States.

On March 16, at least 14 employees of the Elizabeth R. Wellborn law firm, located in Deerfield Beach, Florida, wore orange shirts to work. For this style choice, they were marched into a conference room and summarily fired. Wellborn’s husband declared that the shirts were a protest against working conditions at the 275-worker law firm, and that management would not stand for such behavior.

Aren’t such tyrannical, arbitrary and callous acts illegal? Can management just throw you out on your ear, upending your life and endangering your ability to support yourself, for wearing the wrong shirt? Freedom of speech, freedom of expression, right?

Wrong.