Tuesday, Dec 01st

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FDIC adds 54 more banks to its 'problem list'

In the second quarter, 117 FDIC-insured institutions were on the list. Now, at 171, the number of institutions on the FDIC's "problem list" is at its highest level since late 1995.

"We've had profound problems in our financial markets that are taking a rising toll on the real economy," said FDIC Chairman Sheila Bair in a statement, adding that Tuesday's report "reflects these challenges."

Total assets held by troubled institutions climbed from $78.3 billion to $115.6 billion — a figure that suggests that the nation's top 20 banks aren't on the list, even though they are getting slammed, too, by the growing credit crisis. The FDIC does not reveal the institutions it deems troubled.

TVNL Comment: So we are to believe that every bank in the country made the same mistakes? We are falling for the second biggest scam in US history, the first being the incarnation of the Federal Reserve.


Bush Labor Department misled Congress in effort to privatize jobs

President George W. Bush's Labor Department misled Congress in an effort to prove outsourcing jobs to private companies was more efficient than assigning the jobs to government employees, according to a Government Accountability Office report released Monday.

The report found that the Department used fictional projected numbers to improve "savings reports" -- even when real numbers were already available. And when the government did find private firms to take a government job, that employee generally was either reassigned to another task with the same title or promoted.

TVNL Comment: The words is not "misled", the word is "lied". Virtually everything you have heard from this administration has been lies.


Malaysia outlaws yoga for Muslims

Millions of people in Malaysia have been banned from doing yoga because of fears it could corrupt Muslims.

The Islamic authorities have issued a ruling, known as a fatwa, instructing the country's Muslims to avoid yoga because of its Hindu roots.

TVNL Comment: There is no limit to the idiocy of religion, rather religious people.


New study sees declijne in US power in next 20 years

The risks of a nuclear weapon being used and wars being fought over dwindling resources will grow during the next 20 years as diminishing U.S. power, a shift of wealth from West to East, the rise of India and China and climate change reshape the world, a new U.S. intelligence study warned Thursday.

The report, the fourth in a series that examines the forces that are driving international developments, was written by the U.S. National Intelligence Council, which is composed of the top U.S. intelligence analysts, with input from experts around the world.


5 Gitmo detainees blame arrest on 'political game'

A group of Algerians who were ordered released from Guantanamo Bay on Thursday have long denied being terrorists, saying they were swept up in Bosnia and handed over to the U.S. as political pawns.


American Conservative Magazine Admits "Bush a Disaster"

Then came that epic morning, which Bush answered by giving the hijackers far more than they could accomplish with four planes. His grand democratization plan reduced Iraq to rubble, drove Iran to arm, and provided terrorists with the ultimate recruiting tool. America, once renowned for her decency, became the aggressor her foes alleged.

At home, our failed attempt at global liberation has left us less free than ever before. Ancient liberties, cultural imperatives, even basic solvency were subsumed by the war effort. And the conservative movement that gave Bush his margin sanitized his radicalism at the cost of its soul.

It would be easy to leave him to that delusion and turn a more hopeful page. But Bush wasn’t alone in his failure: a country marched behind him and a movement cheered him on. If the failings of the Bush era are to be corrected—or at least not repeated—we need a clear view of where we’ve been. History will render the final judgment, but herewith a preliminary damage assessment:


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